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
815.2p
discount
Discount including income with debt at fair value. Source: BNYM Fund Services (Ireland) Limited
5.9%
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
£2,955.5m
Performance
Download Morningstar's daily factsheet here.
Investment Manager's report November's commentary

Over November, the Trust’s total shareholder return, NAV total return and equity portfolio return were -0.1%, -0.1% and 0.1% respectively. The equity portfolio slightly outperformed the MSCI All Country World Index (ACWI) which was flat over the same period.

Encouraged by higher UK inflation figures, the Bank of England raised rates for the first time in a decade. This, combined with the news that there was more certainty of arriving at a Brexit deal, led to a sterling rally in November. This meant that despite accelerated Eurozone economic momentum and US tax reforms which were promising news for equity investors globally, for a sterling investor the return on global equities was flat in November.

Since 1 April 2017*, the Trust’s equity portfolio has outperformed the MSCI ACWI by 2.4%, with stock selection remaining the most significant driver of relative outperformance, as intended. We expect volatility and dispersion in the markets to increase and believe that our portfolio managers are in a position to benefit from this scenario through superior stock selection. We retain a high degree of confidence in our underlying equity managers and have made no changes to equity manager allocations over the month.

During the month, the Trust’s equity managers have reduced our portfolio’s exposure to Safran and Nielsen, both having previously been in the top 20 holdings. These stocks have now been replaced by Anthem and Tencent, through strong relative performance of both. Notable additions to the Trust in November were Fleetcor Technologies and Nvidia, both US domiciled technology companies.

* 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 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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