Foreign & Colonial has announced a 19.9 per cent increase in net asset value for shares in its Foreign & Colonial Pep and Isa Investment Trust.
The unaudited half yearly results to March 31, 1999, show the trusts net assets increasing by 18.8 per cent to £113.57m from £95.58m.
The share price increased by 9.8 per cent over the same period to 157p from 143p. The dividend per share was also up 5p to 1.85p from 1.80p.
But the trust lags behind the FTSE All-Share Index and the net asset values of its Association of Investment Trust Companies General peer group which have returned 23.5 per cent and 20.8 per cent respectively over the same period.