Alliance Trust Interim Results for the six months ended 31 July 2008
On 30th September 2008, Alliance Trust PLC announced Interim Results for the six months ended 31 July 2008. Company net asset value is down 4.8% in a challenging economic environment, compared to an 8.4% decline in the FTSE All-Share and a 6.3% fall in the FTSE All-World Index over the same period.
Katherine Garrett-Cox, Chief Executive, commented, "Against a background of turbulent global economies and volatile stock markets, the past six months has been challenging. We anticipate that this period of uncertainty will continue and we are actively managing our asset allocation and stock selection to take advantage of opportunities in the second half of the year. A successful and well implemented investment philosophy is at the heart of our business. We continue to develop the strength of our investment teams and we are reviewing all aspects of our business to ensure that our focus is firmly on improving our investment performance to deliver enhanced shareholder value."
