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
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
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Investment Manager's report October's commentary

Over October, the Trust’s total shareholder return, NAV total return and equity portfolio return were 2.6%, 2.2% and 2.3% respectively, underperforming the MSCI All Country World Index (ACWI) which returned 3.2% over the same period. Equities in Europe and UK returned 1.5% and 1.7% respectively, underperforming the MSCI ACWI index (3.2%).  The performance of the Trust’s equity portfolio lagged as a consequence of being overweight these markets. Some of the equity managers' stock selections have also detracted from performance, in particular companies within the Information Technology and Consumer Discretionary sectors.

However, this follows a number of positive months with the equity portfolio outperforming the MSCI ACWI by 2.4% since 1 April 2017 when WTW took on responsibility for the portfolio, mainly driven by stock selection. Since that date, the equity portfolio has outperformed in all sectors against the MSCI ACWI index except for Information Technology, where a few stocks generated most of the returns.

We continue to maintain high conviction in the equity managers in the portfolio and have made no changes to equity manager allocations over the month. In this environment of low volatility, we expect increased dispersion between stocks going forward, providing opportunities for talented stock pickers like those managing the Trust’s equity 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 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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