Reports
UK Trust Firm Has Best First Quarter In Over A Decade

Alliance Trust, the UK investment trust company, has reported
its total shareholder return for the first quarter of 2013 stands
at 15.2 per cent - its best first quarter performance in over 15
years.
This was partly fuelled by outperformance of global equities,
said the firm, and in local currency terms, the MSCI All Country
World Index is up 8.6 per cent year-to-date, but 14.1 per cent in
sterling terms.
Meanwhile the fund’s net asset value total return, with debt at
fair value and inclusive of income, stood at 13.6 per cent.
Over the quarter, the best performing sectors were healthcare, up
22.3 per cent, consumer staples, up 19.5 per cent, and consumer
discretionary, up 16.4 per cent. Sterling weakened, which led to
a positive impact on the portfolio as less than one quarter of
the Trust's equity exposure was held in the UK.