Literacy Capital sees NAV return in Q4 as it shifts to more mature portfolio

9.3% total NAV return

Kathleen Gallagher
clock • 1 min read

Literacy Capital trust saw a total NAV return in the final three months of 2022 of 9.3%, as it continues to shift its portfolio to more mature companies.

In its quarterly trading update the trust said that its total NAV return for the year was 51.7%. The trust, which invests in private businesses, donates 0.9% of its annual NAV to charities focused on improving UK literacy in children. In the final quarter £733k was donated, bringing the total to £5.8m since its launch. Richard Pindar, CEO of the trust's investment management firm, said the investment trust has "continued to make progress rebalancing the portfolio away from earlier stage, growth capital investments (which now equate to just 5% of gross assets), and towards buyouts of s...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment Trusts

Trustpilot