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British Assets lags benchmark

British Assets’ results for the year ended 30 September 2014 show the fund generating a return on net assets of 6.6%. This compares to a return of 7.3% on its benchmark (80 per cent FTSE All-Share Index and 20 per cent FTSE World (ex UK) Index). The return to shareholders over the period was 6.3%. The dividend was increased by 3% to 6.44p, paid from earnings of 7p.

The meeting to adopt the company’s proposed new strategy will be held after the AGM on 26 February 2015 and, if shareholders approve, Adam Ryan of BlackRock will take up the job of managing the portfolio.

BSET : British Assets lags benchmark

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