07 Dec 2011

Edinburgh Worldwide Investment Trust Annual Results 

Edinburgh Worldwide Investment Trust plc announces its results for the year to 31 October 2011

Over the year, Edinburgh Worldwide’s net asset value per share declined by 2.5% and the share price declined by 4.0%. For comparison the MSCI All Counties World Index (in sterling terms) was down by 2.7%.

Baillie Gifford has been managing Edinburgh Worldwide for eight years and over that period, in total return terms, the net asset value per share has risen by 102.0% and the share price by 121.9% compared to an increase in the comparative index of 71.0%.

The net revenue return for the year was 2.51p (2010: 1.86p) up 34.9%, mainly due to a higher level of dividend payments from underlying holdings.  An unchanged final dividend of 1.50p is being recommended to give a total for the year of 2.00p (2010: 2.00p).

The past year has been marked by continued market turbulence, largely as a result of European market travails. Markets were also unsettled at times by US brinksmanship over funding for its budget deficit, questions over Chinese economic growth and the tragedy that befell Japan. During the period 12 new holdings were bought funded by 11 complete sales. 

More details on the results, including the Chairman’s Statement and Manager’s Overview, can be found in the press release transcript at the top of this page.

You can also find up to date performance information about Edinburgh Worldwide on Baillie Gifford’s website.   

Standardised Past Performance

Source: Morningstar, share price mid to mid, total return 

Please remember that past performance is not a guide to future performance. The value of your investment may go down as well as up and you may not get back the amount originally invested.  You should regard your investment as long term.

The Trust invests in overseas securities and changes in the rates of exchange may also cause the value of your investment (and any income it may pay) to go down or up.