Personal Assets produces positive return in falling market

Personal Assets has announced results for the year ended 30 April 2016. Over the year to 30 April 2016 Personal Assets ‘s net asset value per share rose by 5.0%.  This compares to a fall of 9.0% in the FTSE All-Share Index.  Personal Assets ‘s share price rose by GBP21.80 or 6.2% during the year and at 30 April 2016 was GBP372.50.

At 30 April 2016, liquidity was 56.0%. This included 22.6% in UK T-Bills, UK cash and cash equivalents and net current assets and 33.4% in various classes of non-equity risk assets: 17.0% in US TIPS; 11.0% in Gold Bullion; 1.0% in overseas cash and cash equivalents; and 4.4% in UK Index-Linked Gilts. This compared to holdings as at 30 April 2015 of 26.9% in UK T-Bills, UK cash and cash equivalents, Overseas T-Bills and net current assets and 33.0% in various classes of non-equity risk assets: 17.0% in US TIPS; 10.1% in Gold Bullion; 1.3% in overseas cash and cash equivalents; and 4.6% in UK Index-Linked Gilts.

There is no information in the manager’s report that breaks down where the performance came from.

PNL : Personal Assets produces positive return in falling market