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The Bankers Investment Trust PLC: Half-Year Results 2023
Portfolio Manager, Alex Crooke discusses the half-year results for The Bankers Investment Trust, including the performance and dividend outlook. He also discusses and the implications and opportunities of China reopening, artificial intelligence and interest rates.
22 Jun 2023
2 minute watch
2 minute watch
Key takeaways:
- The Company delivered a strong net asset value total return of 8.1% and a share price total return of 5.4% over the six months ended 30th April 2023, outperforming the FTSE World Index total return of 3.5%. The Company’s portfolio benefitted as equity markets fared better than last year.
- The majority of the regional portfolios, with the exception of Asia Pacific and China, outperformed their respective benchmark indices.
- Tighter monetary conditions, driven by increasing interest rates and bond sales from central banks, have a dampening effect on economic activity. However, the real economy is actually weathering these conditions well, with many companies having low levels of debt and possessing pricing power, while consumers are benefitting from wage growth or using savings to bolster spending.
Source: Morningstar as at 31/03/2023. All performance, cumulative growth and annual growth data is sourced from Morningstar.
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22 Jun 2023
2 minute watch
2 minute watch
Key takeaways:
- The Company delivered a strong net asset value total return of 8.1% and a share price total return of 5.4% over the six months ended 30th April 2023, outperforming the FTSE World Index total return of 3.5%. The Company’s portfolio benefitted as equity markets fared better than last year.
- The majority of the regional portfolios, with the exception of Asia Pacific and China, outperformed their respective benchmark indices.
- Tighter monetary conditions, driven by increasing interest rates and bond sales from central banks, have a dampening effect on economic activity. However, the real economy is actually weathering these conditions well, with many companies having low levels of debt and possessing pricing power, while consumers are benefitting from wage growth or using savings to bolster spending.