The Bankers Investment Trust, managed by Alex Crooke, has published its interim accounts for the six months that ended on 30 April 2014. The net asset value fell over the period by 2.2% while the FTSE All-Share Index rose by 1.0%. The statement attributes this to currency moves (a common complaint in many recent results announcements as Sterling has strengthened against a range of currencies) and recent outperformance of large cap. stocks vs. smaller ones (Bankers’ portfolio is biased to mid-sized companies). They say they did outperform local indices in most markets with the exception of Europe and North America.
The Board has reiterated its commitment to paying a 14.7p dividend for the full year (+4% on the year before).