EDINBURGH Partners’ European Investment Trust made a comeback in the year to the end of September after significantly underperforming its benchmark in the previous 12 months.
The £440 million trust made a net asset value total return of 29.9 per cent, up from 14.9 per cent in 2015/16.
The FTSE All-World Europe ex UK index, meanwhile, returned 22.6 per cent this year, up from 21.8 per cent the year before.
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Craig Armour of Edinburgh Partners noted the strong returns but said “we have to acknowledge that returns in the previous period were disappointing and the recent improvement in relative performance should be seen in that context”.