DUNDEE (dpa-AFX) - Alliance Trust Plc. (ATST.L), an investment management firm, Friday said its total shareholder return for the March quarter was 15.2 per cent and NAV total return was 13.6 percent. The company in its interim management stated that the improved first quarter results were due to strong performance from global equities.
The company stated that over the quarter, the best performing sectors were Health Care with 22.3 percent increase, Consumer Staples 19.5 percent and Consumer Discretionary 16.4 percent increase. The weakening of Sterling had a positive impact on its portfolio, said the company in its statement.
The company said that their portfolio activity in the quarter has been driven by three main factors: the changes to the level of gearing, portfolio optimization following the major restructuring of last year and stock specific activity driven by their fundamental analysis of companies.
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