- Investment trust Personal Assets Trust recorded a net asset value (NAV) gain of 2.9% over the six months to 31 October, while the FTSE All-Share fell by 3.4%.

In its interim report, the trust reported a 2.9% increase in NAV per share compared to 30 April 2020.

The trust's shares were trading at a 0.3% premium to NAV as of 31 October, down from 1.6% six months earlier.

Portfolio manager Sebastian Lyon, of Troy Asset Management, said despite the 'surprisingly stable' six months shareholders should prepare for greater short-term volatility.

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