UK's Scottish American Investment half-year NAV return trails benchmark

Scottish American Investment

30/07/2026 07:42

Overview
UK investment trust's half-year NAV total return was 5.6%, trailing benchmark's 12.9%
Company's interim dividends rose 6.1%, outpacing UK inflation of 2.6%
SAINTS bought back 9.1% of shares in issue for £78.7 mln during the period

Outlook
Company says it remains focused on delivering real income and capital appreciation in a higher inflation environment
SAINTS expects to continue delivering dividend growth ahead of inflation
Company says it will avoid chasing short-term market trends and focus on steady compounding of income and capital

Result Drivers
BROAD-BASED EARNINGS GROWTH - Co said average underlying earnings growth of around 10% across the equity portfolio supported dividend and revenue earnings growth
DIVERSIFIED CONTRIBUTORS - Portfolio progress was not dependent on a single theme, with strong earnings growth from holdings such as TSMC, Alphabet, Coca-Cola, and Admiral
DISCIPLINED PORTFOLIO CONSTRUCTION - Co avoided excessive concentration in high-momentum themes like AI, focusing on dependable income and capital growth

Company press release: ID:nRSd4485Oa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Total Return
 
6.30%
 

Reuters Recommended Reads
July 29 - UK's Rathbones H1 pretax profit on higher investment management fees
July 29 - British asset manager Aberdeen's shares hit by £3 billion outflows
July 29 - UK's St James's Place reports lower first-half inflows

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)