Smithson Investment Trust said its performance slipped in the first half, though it nevertheless beat its benchmark. The company's total return net asset value per share for the six months through December fell 5.8%. The MSCI World SMID Index returned negative 8.3% over the same time period. 'Since the start of 2019, global equity markets have shown a degree of recovery, despite ongoing global political and macro-economic uncertainties,' chairman Mark Pacitti said. 'It is pleasing to note that both our NAV and share price have grown strongly since the period end, with both measures having now comfortably outperformed the SMID Index since launch.' 'The investment manager continues to seek attractive investment opportunities for any further capital raised through share issuance.'
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