Mid Wynd issues three million shares in first year under Artemis

The Mid Wynd International investment trust has bounced back, after switching management from Baillie Gifford to Artemis last year, with total net assets up 28% to £80.8m over the year to June 2015.

The trust, which moved management from Baillie Gifford in April 2014, grew its total shares in issue by 12% over the year to 30 June 2015 and raised £10m in additional money, according to its annual results. Total net assets for the trust increased by more than 28% to £80.8m, in part driven by a 15.7% rise in net asset value, from 279.17p per share to 322.87p. This compares with a 7.4% return from the MSCI All Country World index. The trust had previously seen a significant turnover in its shareholder register, as holders in Baillie Gifford's savings plans and ISAs sold their holdings...