Price and Performance

Find out more about Alliance Trust’s performance, with the help of market commentary from our Investment Manager. 

Latest available values
share price
Share price information throughout the site is provided by Investis. Updated every 15 minutes
nav per share
Net Asset Value (NAV) per share including income with debt at fair value. Source: BNYM Fund Services (Ireland) Limited
797.3p
discount
Discount including income with debt at fair value. Source: BNYM Fund Services (Ireland) Limited
6.1%
net yield
Annual dividend per share divided by share price. Source: BNYM Fund Services (Ireland) Limited
1.8%
gross assets
Total income net asset value excluding prior charges. Source: BNYM Fund Services (Ireland) Limited
£2,927.0
Performance
Download Morningstar's daily factsheet here.
Investment Manager's report March's commentary

Over April, the Trust’s total shareholder return, NAV total return and equity portfolio return were 4.1%, 2.8% and 2.7% respectively. Over the same period, the MSCI All Country World Index (ACWI) returned 3.0%.

First quarter earnings are now being reported and have continued to be strong, with a significant proportion of companies exceeding analyst expectations (of those that have reported so far).  However, despite the strong earnings momentum, geopolitical risks continue to dominate headlines and drive volatility as fears of a US-China trade war and escalating tensions between the US and Russia over the situation in Syria added to uncertainty.  Greater volatility will likely result in dispersion between company valuations, which is an excellent environment for presenting opportunities for long term active stock selectors like those in the portfolio.

Over the course of the month, our underlying portfolio managers have reduced their positions in Tencent and Airbus, both stocks having previously been in the top 20 holdings. New entrants to the top 20 were Aflac, Suncor Energy and EOG Resources, all as a result of additional stock purchases. Since 1 April 2017*, the equity portfolio has returned 8.5%, representing outperformance of 2.6% relative to the MSCI ACWI.

* Date Willis Towers Watson assumed responsibility for management of the portfolio

For more market insight, read our view from the Investment Manager

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Our awards
AIC Dividend Hero

Alliance Trust has been awarded the AIC’s Dividend Hero award and is proud to have increased its dividend every year for over 50 years. This award is made by the Association of Investment Companies to the small number of investment companies who have increased their dividends each year for 20 years or more. For more information and a full list of qualifying companies, you can visit the AIC website.

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