The Edinburgh Investment trust net asset value dropped 8.2% in the six months to September, which it attributed in part to equity market falls caused by the Mini Budget.
This drop in NAV was slightly less than that of the trust's benchmark, the FTSE All Share Index, which was down 8.3%. During the period the trust's share price discount to NAV widened from 7.7% to 10.6%, but has tightened to mid-single digits since the end of September. The trust's chairman and manager both blamed some of the fall in NAV on the tumultuous political events in the UK in recent months. Ex-Edinburgh IT Suarez set to succeed Impax Environmental Markets chair James de Uphaugh, manager of the Edinburgh Investment trust, linked it to equity markets giving up some ground...
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