River & Mercantile UK Outperforms Benchmark On Cautious Strategy

(Alliance News) - River & Mercantile UK Micro Cap Investment Co Ltd on Friday outperformed its ...

Alliance News 22 May, 2020 | 6:30PM
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(Alliance News) - River & Mercantile UK Micro Cap Investment Co Ltd on Friday outperformed its benchmark in the first half of financial 2020 despite a challenging period for investing in equities, especially for micro-cap companies.

The UK-focused investment trust said its net asset value total return for the six months to March 31 outperformed benchmark, Numis Smaller Companies plus Alternative Investment Market, excluding investment companies, index by 1.44%.

River & Mercantile recorded a NAV total return decline of 23% for the first half, compared with the total return decline of 24% posted by the benchmark.

The outperformance was attributed to a "cautious investment strategy" and absence of leverage.

First-half net asset value per share fell to GBP1.4600 from GBP1.8908 a year ago.

Shares in the trust closed 1.5% higher in London at 125.38p each in London.

By Tapan Panchal; tapanpanchal@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
River and Mercantile UK Micro Cap Ord 129.08 GBX -3.31 -

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