In its annual outcomes printed in the present day (8 March), the £5.9bn belief posted a internet asset worth whole return of 11.3%, decrease than its FTSE All-World index benchmark, which gained 15.1% over the interval.
“Our portfolio, having navigated unstable markets comparatively efficiently in the course of the prior yr, started 2023 with a larger weighting to extra lowly-rated worth shares relative to the dearer, quicker rising progress shares,” chair Beatrice Hollond stated.
“This stance was adjusted in the course of the early a part of the yr to offer a extra balanced publicity. Development shares subsequently delivered m…
