Interim Management Statement

RNS Number : 1852K

RIT Capital Partners PLC

11 July 2011

 



RIT CAPITAL PARTNERS PLC

Interim Management Statement - 1 April 2011 to date

RIT Capital Partners is a self-managed investment trust whose corporate objective is "to deliver long-term capital growth, while preserving shareholders' capital; to invest without the constraints of a formal benchmark, but to deliver for shareholders increases in capital value in excess of the relevant indices over time."

Its investment policy is "to invest in a widely diversified, international portfolio across a range of asset classes, both quoted and unquoted; to allocate part of the portfolio to exceptional managers in order to ensure access to the best external talent available."

This statement is released to comply with Disclosure and Transparency Rule 4.3 of the Financial Services Authority, and covers the period from the beginning of the first half of the Company's current financial year on 1 April 2011, to the date of this announcement. 

Review of the period

·    Full year results to 31 March 2011 announced on 3 June.

·    Net asset value per share of 1,260.2p as at 31 May announced on 10 June.

·    Net asset value per share of 1,272.9p as at 30 June.

·    Net asset value by asset category comprised:

		30 June 2011	31 March 2011
		% of Net Assets	% of Net Assets
	Quoted equities	14.4%	14.7%
	Long equity funds	39.3%	39.1%
	Hedge funds	6.2%	6.4%
	Unquoted direct	12.1%	11.6%
	Unquoted funds	11.4%	11.0%
	Real assets	12.1%	14.1%
	Absolute return, fixed income and currency	1.1%	0.6%
	Liquidity/other	3.4%	2.5%
	Total	100%	100%

·    Management of currency exposure; principal exposures comprised:

		30 June 2011	31 March 2011
		% of Net Assets	% of Net Assets
	US Dollar	38.9%	33.8%
	Sterling	15.3%	18.9%
	Canadian Dollar	9.1%	9.6%
	Euro	0.3%	0.8%
	Singapore Dollar	13.8%	9.4%
	Renminbi	8.4%	6.3%
	Other	14.2%	21.2%
	Total	100%	100%

·    Financial performance during the quarter ended 30 June 2011

		30 June 2011	31 March 2011	Change
	Net Asset Value (NAV) per share	1,272.9p	1,289.4p	(1.3)%
	Share price	1,296.0p	1,307.0p	(0.8)%
	Share price premium to NAV	1.8%	1.4%	n/a
	MSCI World Index (in £)	828.5	831.0	(0.3)%
	FTSE All-Share Index	3,096.7	3067.7	0.9%

 

END

 

 

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