Alliance Trust Savings: Change of Ownership
Please note that, as of 28 June, Alliance Trust Savings (ATS) is owned by Interactive Investor Limited. If you have any questions about the sale of ATS and what it means for you, please visit ATS’ website*. If you’d like to stay up to date with the Trust’s performance or any news, please sign up below.
Visit ATS website Sign up
By clicking on the 'Visit ATS website' link above, you will be taken to a third party website.

*The brand names ‘Alliance Trust Savings’, ‘ATS’, ‘AT Savings’ and the ‘Alliance Trust Savings’ logo which may appear on ATS’ website are owned by and used with the permission of Alliance Trust PLC, being the previous owner of ATS.

Price and Performance

Find out more about our 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
Discount including income with debt at fair value. Source: BNYM Fund Services (Ireland) Limited
net yield
Annual dividend per share divided by share price. Source: BNYM Fund Services (Ireland) Limited
gross assets
Total income net asset value excluding prior charges. Source: BNYM Fund Services (Ireland) Limited
Price and Net Asset Value per share
Premium / Discount
Investment Manager's report December's Commentary


For the month of December, the Company’s Total Shareholder Return and NAV Total Return were 2.8% and 1.7% respectively, with the MSCI All Country World Index (ACWI) benchmark returning 2.2%.

Over the month, Baidu was the leading contributor to the portfolio’s performance, delivering an absolute return of 55.2%. As well as benefiting from mobile-app traffic growth supporting a recovery in core marketing and improving monetisation of recent investment, Baidu increased its share buyback program in early December and news also emerged that they may enter the electric vehicle market, where it is anticipated that their artificial intelligence technology will be valuable. Other contributors for the month included Prada, the luxury good business that has recovered strongly this year, and Delivery Hero, a beneficiary of the global pandemic that continues to grow. Alibaba was the main detractor this month as the failure of the planned IPO of spin-off online Finance company Ant Group, as well as the announcement from the Beijing government of an Antitrust probe in to the company, weighed on the firm’s share price. Despite these short-term challenges, Alibaba holds a strong market position in China and is well placed to benefit from long-term growth of domestic consumer spending in the country.

Within the Company’s portfolio, a position was initiated in Compagnie Financière Richemont, a Swiss-based luxury goods company. Through its various subsidiaries, the company produces and sells a broad variety of luxury items such as jewellery and watches and has seen strong growth in several of their brands globally. Elsewhere, the Company’s position in Booking Holdings was reduced, crystallising some of the recent gains in the company’s stock price in the wake of positive vaccine news.

Over December, we have increased the level of gross gearing to be in line with a central target level of 10%, consistent with a more neutral outlook for markets in the medium term.

Monthly Factsheet Quarterly Newsletter Sign up for updates
Our awards
AIC Dividend Hero

We have been awarded the Association of Investment Companies’ Dividend Hero award and are proud to have increased our dividend every year for over 50 years, making us one of just four investment trusts to achieve this*. For more information and a full list of qualifying companies, you can visit the AIC’s website. * As at 30 June 2020.

More information
More from Alliance Trust

Our factsheet and newsletter in your inbox