- The Monks Investment Trust posted a positive annual performance that slightly beat its benchmark.

The company's net asset value total return for the year through April was 12.0%.

The FTSE World Index rose 11.7% over the same time period.

Strong performers included large tech companies in the company's investment portfolio, which included Facebook, Amazon and Alphabet.

A single final dividend of 1.85p was being recommended, up from 1.40p on-year.

'Recent years have been characterised by a plethora of economic anxieties, especially relating to the possible impact of rising interest rates on asset prices around the world,' chairman James Ferguson said.

'A decade on from the depths of the financial crisis, these rates remain close to trough levels and inflation is subdued, reflecting weak economic momentum.'

'Yet at the same time the growth opportunity for many companies is expanding dramatically, as new technologies totally transform the way that business is conducted.'

This is creating new corporate champions across a widening swathe of markets and industries, at a pace and to a scale which may be unprecedented.'

'Monks is well placed to benefit from such opportunities whilst also holding a balanced and diversified portfolio of growth stocks which should prosper, whatever the prevailing macro-economic backdrop.'

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