StockMarketWire.com - Edinburgh Investment Trust reported a rise total returns that topped returns of its benchmark amid a favourable equity backdrop.

For the period ending 30 September 2021, net asset value in total return terms rose by 9.8%, compared to 8.0% rise of FTSE All-Share.

Pre-tax profit swelled to £102.2 million from 63.0 million a year earlier.

An interim dividend of 6.0p per share was declared, in line with a year earlier.

'[T]he valuation discounts relative to other equity markets highlight the opportunity in UK equities,' the company said.

'We believe the market is taking a short-term view of the prospects for many businesses in the UK, which provides opportunities for investors willing to look through the current macroeconomic headwinds.'


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