Managers of the £2.7bn Alliance Trust are looking for market weakness to re-invest in Asia, rebuild U...
Managers of the £2.7bn Alliance Trust are looking for market weakness to re-invest in Asia, rebuild US exposure in selected mid- and small-cap stocks and add to European positions in the coming months. Over six months to 31 July, pre-tax revenue rose to £30.6m up from £28.2m in the same period last year. That said, the company's net asset value per share fell by 1.3% and the share price by 1.1% over the same period. This is the first set of interim accounts following the trust’s merger with the Second Alliance Trust, which became effective on 21 June. Alliance Trust chief executive Alan H...
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