Witan Pacific Investment Trust NAV slips but ups dividend 11%
Source - SMW
Witan Pacific Investment Trust said its first-half net asset value per share had slipped 1.5% amid a market correction in Asia.
It declared an interim dividend of 2.50p per share, up 11.1% on-year.
Total returns, including dividends, over the six months fell 0.6%, underperforming a benchmark fall of 0.1%.
Total returns were 5.5% higher over the past year and 44.2% higher over the past three years.
'The period started with a market correction in February affecting the Asia Pacific region alongside other global markets and replacing the recent rally and era of low volatility,' the company said.
'Catalysts for this sell off included inflation worries and fears of a faster than expected pace of interest rate rises in the US, as well as heightened perceptions of the risk of trade wars between the US and its major trading partners.'