Edinburgh Investment Trust benefits from UK equities comeback

James de Uphaugh

The Edinburgh Investment Trust's NAV rose by 7.9% in the 12 months to the end of March 2023, boosted by a rebound in UK equities.

NAV per share comfortably exceeded the 2.9% return on the FTSE All-Share Index during the same period, it said, though it was almost half the 14.1% increase in NAV the year before. The trust reported that the main boosts to its performance had been BAE Systems, NatWest and Centrica, which "encapsulate the diversified nature of the portfolio", said manager James de Uphaugh. Other contributions came from Greggs, Standard Chartered and Weir. 'Extensive' Majedie review pays off The trust's share price total return was 8.4% for the period, down from 10.6% in the year before, while ne...