- Monks Investment Trust said it posted a 0.9% fall in its net asset value per share in the first half, in total return terms.

The performance was below a 4.5% rise in the FTSE World Index over the same period.

Anthem and Amazon were the notable positive contributors to absolute returns in the period, while Naspers and Prudential were the largest detractors.

No interim dividend would be paid, the company said. A single final dividend would typically be paid after the full year results, reflecting the Ccmpany's focus on capital growth, it added.

'After a period of generally steadily rising markets, the past six months have seen a return of volatility and a shift in market sentiment,' Monks said.

'This is far from unusual or unhealthy as markets rarely move in straight lines and are subject to unpredictable mood swings.'

'The managers remain optimistic about the long-term opportunities afforded by the companies held in the portfolio.'

'The operating performance of the vast majority of these investments remains strong.'

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