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 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
855.5p
discount
Discount including income with debt at fair value. Source: BNYM Fund Services (Ireland) Limited
5.4%
net yield
Annual dividend per share divided by share price. Source: BNYM Fund Services (Ireland) Limited
1.7%
gross assets
Total income net asset value excluding prior charges. Source: BNYM Fund Services (Ireland) Limited
£2851.1
Price and Net Asset Value per share
Premium / Discount
Investment Manager's report May's Commentary

For the month of May, the Trust’s Total Shareholder Return and NAV Total Return were 3.4% and 6.7% respectively, with the benchmark MSCI All Country World Index (ACWI) returning 6.5%.

Graphics Processing Unit designer nVIDIA was the largest positive contributor to the Trust’s performance over the month, delivering a return of 23.5%. The company’s May earning report showed revenues up 39% on the previous year, with nVIDIA citing significantly higher demand for computing, AI and online gaming amidst the Coronavirus pandemic. The biggest detractor from performance was AIA Group, returning -10.5%. The stock of the largest publicly-listed life insurance company in Asia suffered as the group reported a 27% fall in value of new business in the first quarter, with the coronavirus pandemic hurting sales in its major markets of Hong Kong and mainland China. However, despite losses in May, the outlook for the company is appearing to improve as infection rates continue to decline across Asia.

In terms of stock selection activity, the Trust’s position in new holding Bureau Veritas, initiated in April, was increased. The company’s primary activities involve testing products or materials, inspecting sites/ equipment, and certifying products and systems to maintain various global standards. The company has seen an exponential rise in demand from international governments to implement nationwide medical tests for COVID-19. Following a strong performance over March and April, the Trust’s remaining position (purchased on 18 March) in global sportswear company Nike was fully liquidated in May.

The Trust benefited from the continued market rebound through May. We continue to maintain a cautious outlook due to the uncertainty around returning to ‘business as usual’ and so towards the end of May, we reduced the Trust’s gross gearing, which stands at 6% at the end of the month. Additionally, we conducted some minor portfolio rebalancing, adding to larger cap exposure with a view to increasing resilience in the portfolio.

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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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