- Investment group Personal Assets Trust said its performance improved in the first half of its financial year.

The company's net asset value per share for the six months through October rose 2.5% to £415.16.

The FTSE All-Share Index fell 1.8% over the same time period.

A third interim dividend of £1.40 per share would be paid to shareholders on 10 January and a fourth interim dividend, also of £1.40 per share, was expected to be paid in April 2020, making a total for the year of £5.60 per share.

'After a decade of low interest rates, investors must weave a treacherous path through high valuations, low growth and heightened political risk,' investment adviser Sebastian Lyon said.

'We continue to tread carefully.'

'Our exposure to risk assets is modest with only a third of the portfolio committed to equities.'

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