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Independent Investment Trust beats indices

15 July 2015 08:39

The Independent Investment Trust's net asset value rose by 13.9% in the six months to the end of May on a total return basis. This compares with a 7.5% increase in the FTSE All-Share Index and a 6.0% rise in the FTSE World Index on a total return basis.

Chairman Douglas McDougall said: "The margin of our outperformance owed much to a UK General Election result that, although unexpected by us, was fortuitously anticipated in our large housebuilding stake, which performed exceptionally well in the last three weeks of the period."

The net asset value per share rose from 310.8p to 348.6p over the period, and the share price from 290.5p to 319p, causing the discount to net asset value to rise from 6.5% to 8.5%.

At 8:39am: (LON:IIT) Independent Investment Trust Plc share price was 0p at 338.5p

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