Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Investment trust Personal Assets Trust recorded a net asset value (NAV) gain of 2.9% over the six months to 31 October, while the FTSE All-Share fell by 3.4%.
In its interim report, the trust reported a 2.9% increase in NAV per share compared to 30 April 2020.
The trust's shares were trading at a 0.3% premium to NAV as of 31 October, down from 1.6% six months earlier.
Portfolio manager Sebastian Lyon, of Troy Asset Management, said despite the 'surprisingly stable' six months shareholders should prepare for greater short-term volatility.