순 자산 가치
RIT 캐피털 파트너스 PLC(LEI: P31Q1NLTW35JJGHA4667)
18 4월 2024
31년 2024월 XNUMX일 순자산가치
31년 2024월 2,536일 기준 RIT Capital Partners plc의 미감사 희석 순자산 가치(NAV)(공정 가치 부채 포함)는 보통주 1파운드당 29p(2024년 2,474월 XNUMX일: XNUMXp)였습니다.
1 년 2024 분기 해설
RIT's NAV per share total return for Q1 2024 was +4.6% and total net assets as at 31 March stood at approximately £3.7 billion. Performance was led by strong returns from our Quoted Equities and Uncorrelated Strategies books, while Private Investments held steady.
Our CPI+3% reference hurdle gained 1.6% during the quarter, while the MSCI ACWI (50% £) returned +9.5%. As in 2023, headline market-cap weighted equity indices in Q1 this year were driven primarily by a small number of large capitalisation technology stocks. For comparison, the MSCI ACWI Equal Weighted Index returned +4.3% in Q1.
RIT runs a flexible and global portfolio, diversified across our three core pillars of Quoted Equities, Private Investments and Uncorrelated Strategies, and supported by disciplined risk management.
· | Quoted Equities (42% of NAV) returned approximately +9% in the quarter. Returns kept pace with equity markets, despite our minimal exposure to technology stocks which drove headline indices.
| ||||||
· | Private Investments (35% of NAV) were flat in the quarter. These investments are long-term in nature. Over the last five years to 31 December, the private investments book has returned approximately 20% on an annualised basis.
| ||||||
· | Uncorrelated Strategies (25% of NAV) returned approximately +3% in the quarter. The portfolio continues to generate healthy absolute returns and is a diversifier in the NAV.
| ||||||
· | Currencies had a slight impact during the quarter, contributing approximately -0.2% to the NAV return due to hedging costs we incurred as part of our active currency risk management.
| ||||||
· | Discounts widened across much of the industry during Q1, and RIT was no exception. During the period, the Board continued its robust capital allocation programme.
| ||||||
· | The Board has announced a dividend of 39 pence per share for 2024, a 2.6% increase over the prior year and marking the 10th consecutive year of dividend increases. The first interim dividend will be paid on 26 April to shareholders of record as of 5 April 2024. The second interim dividend will be paid in October.
|
Recent geopolitical events, coupled with a complex macro-economic outlook, suggests some caution is warranted. Against this backdrop, our focus is on identifying unique opportunities trading at attractive valuations. In listed equity markets, we are looking in the small and mid-cap space, and in situations with a clear catalyst on the horizon that can help drive value. We are also seeing opportunities in selective areas of liquid credit markets, with the potential to generate double-digit returns via high quality credits, while taking limited risk to our capital. In private investments, several core holdings are actively exploring sales or IPOs. Our approach is to maintain a balanced positioning in the portfolio, with a continued focus on diversification and disciplined risk management.
자세한 내용은 다음을 참조하십시오 :
J. Rothschild Capital Management (관리자):
T : 020 7647 8565
E: [이메일 보호]
누미스(조인트 Broker):
데이비드 벤다
T : 020 7260 1000
JP Morgan Cazenove (공동 Broker):
윌리엄 시몬즈
T : 020 3493 8000
Brunswick Group LLP(미디어 문의):
닉 코스그로브, 톰 번스
전화: 020 7404 5959
E: [이메일 보호]
RNS는 귀하의 IP 주소를 사용하여 약관 준수 여부를 확인하고, 귀하가 이 커뮤니케이션에 포함된 정보를 사용하는 방식을 분석하고, 그러한 분석을 익명으로 다른 사람과 상용 서비스의 일부로 공유할 수 있습니다. RNS와 런던 증권 거래소가 귀하가 제공한 개인 데이터를 사용하는 방법에 대한 자세한 내용은 개인 정보 보호 정책을 참조하십시오.