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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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 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
860.5p
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
£3006.3
Price and Net Asset Value per share
Premium / Discount
Investment Manager's report October's Commentary

For the month of October, the Trust’s total shareholder return and NAV total return were -2.0% and -1.6% respectively, outperforming the benchmark MSCI All Country World Index (ACWI) which returned -2.2%.

In October, most global equity markets were up in local currency terms, as the US Federal Reserve cut interest rates for the third time this year and geopolitical tensions eased, with the US and China progressing towards a partial trade deal and significant developments in UK-EU Brexit negotiations.  As a result of a revised Withdrawal Agreement being agreed between the UK Government and EU leaders, albeit that it has yet to be passed by the House of Commons, the news led to a significant strengthening of sterling against other major market currencies. This strengthening meant that for sterling investors, like the Trust, non-UK equity market returns for the month were negative.

Within the Trust’s portfolio, a position was initiated in Altice USA, a US-based television cable provider delivering telecommunication services to 4.9 million customers across the US. Altice USA offer an opportunity, alongside current positions in Comcast and Charter Communications, in cable companies that also provide broadband sales and show good potential to benefit from the streaming revolution taking place across television services. Existing holdings in Yum! Brands, a US fast food company, and Carnival Corporation, a British-American cruise operator, were increased following recent price weakness reducing earnings multiples across both firms, making them even more attractive long term prospects for 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.

More information
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