European Assets Trust NAV up

22nd Oct 2009 14:42

European Assets Trust reported a rise in net asset value per share but said its portfolio did not match the pace of the benchmark index in the third quarter.The group said the underperformance can be attributed largely to the Managers' decision to focus stock selection on companies with strong finances and the ability to grow earnings over the economic cycle.Net asset value per share was €7.22 as at 30 September compared with €6.32 as at 30 June.