Momentum Multi-Asset Value continues to deliver 'mediocre' performance

0.9% vs 15% benchmark return

clock • 2 min read
The trust delivered a share price total return of 1.4%

The trust delivered a share price total return of 1.4%

Momentum Multi-Asset Value trust (MAVT) is lagging behind its benchmark over five years, but has still raised its dividend by 7.1% compared to a year ago.

The trust returned 0.9% to investors in the year to 30 April 2022, underperforming its benchmark return of 15%, according to the company's final results. It delivered a share price total return of 1.4%. MAVT declared a fourth interim dividend of 2.16p per share, bringing the total annual dividend to 7.2p per share, up 7.1% on a year ago. Chair Richard Ramsay described the performance of the trust as "somewhat mediocre", especially when compared to its benchmark which he said has been "turbocharged by the rise of inflation". Over the last five years, the trust has generated a NAV to...

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