Register Log-in Investor Type

Disappointing year for Brunner

Brunner Investment Trust has published its results for the year that ended on 30 November 2014. Over the year the fund’s net asset value total return lagged the return on its benchmark by 3.6% (Brunner’s return was 6.0% and 9.6%). The company’s earnings fell too, by 3.3% to 14.7p. By contrast however the full year dividend was increased by 3.4% to 15.0p (so they dipped into their revenue reserves to fund most of the increase but they still have over 28p worth of reserves available). The board say their intention is to maintain a dividend which grows over time above the inflation rate, subject to performance and to maintaining adequate dividend cover over the longer term.

The statement makes no mention of why the fund underperformed we guess that will be in the Annual Report.

BUT : Disappointing year for Brunner

 

Leave a Reply

Your email address will not be published. Required fields are marked *

Please review our cookie, privacy & data protection and terms and conditions policies and, if you accept, please select your place of residence and whether you are a private or professional investor.

You live in…

You are a…