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.
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*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. This information is updated only after the Company’s NAV has been announced so may not reflect the current NAV per share.
1083.6p
discount
Discount including income with debt at fair value. Source: BNYM Fund Services (Ireland) Limited. This information is updated only after the Company’s NAV has been announced so may not reflect the current discount.
6.4%
net yield
Annual dividend per share divided by share price. Source: BNYM Fund Services (Ireland) Limited
1.4%
total assets
Total income net asset value excluding prior charges. Source: BNYM Fund Services (Ireland) Limited
£3712.7
Price and Net Asset Value per share
Premium / Discount
Investment Manager's report June's Commentary

 

For the month of June, the Company’s Total Shareholder Return and NAV Total Return were 2.2% and 3.3%. The MSCI All Country World Index (ACWI) benchmark returned 4.0%. For the first half of 2021, the Company’s Total Shareholder Return and NAV Total Return were 11.1% and 14.8%, with the MSCI ACWI returning 11.1%.

Over the month, the Company’s most significant single contributor to return was Nvidia Corp, which delivered an absolute return of 26%. The multinational technology company received support in June from key stakeholders for their proposed acquisition of Arm Holdings, which if successful should accelerate Nvidia’s expansion in Artificial Intelligence computing, and open up new markets for the firm. In contrast, New Oriental Education & Technology Group Inc., a provider of private educational services in China, was the most significant detractor from performance in June. The share price of the stock fell as markets became increasingly nervous about the anticipated Chinese government crackdown on the private tutoring industry. However, despite recent falls, the Company’s stock picker believes that given its strong brand, scale, and high-quality offerings, New Oriental is well positioned to benefit from industry consolidation driven by new regulations imposed on the sector.

Within the Company’s portfolio, a position was established in Restaurant Group, a British chain of restaurants and public houses, which following significant business restructuring is, in the stock picker’s view, well placed to outperform analyst consensus expectations as the UK eases restrictions on the hospitality sector, as is anticipated in July. In contrast, the Company’s position in Prada was eliminated following a period of strong performance which took the company’s valuation to the top of its historic range and in excess of the stock picker’s assessment of intrinsic value.

 

 

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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