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JPMorgan Claverhouse Investment Trust PLC on Thursday said it outperformed its benchmark index in the first half of 2025, with overweight holdings in banks such as NatWest Group PLC and OSB Group PLC proving beneficial. In response, shares in the investment trust were 0.4% higher at 800.00 pence each in London on Thursday afternoon. Net asset value per share increased 8.2% to 810.2p at June 30 from 748.6p a year prior. Net return before tax totalled £55.1 million in the six months to June, up 58% compared to £34.9 million a year ago, or to 99.27p per share from 60.70p. The investment trust reported a NAV total return of 13.5% compared with 9.1% for the FTSE All-Share Index benchmark over the six-month period and a share price total return of 14.6%. A second quarterly dividend of 8.40p was declared, unchanged quarter-on-quarter. Chair Victoria Stewart, commented: ‘The board shares the portfolio managers’ confidence in the outlook for UK equities, and for your company, over the remainder of 2025 and beyond. The recent outperformance of UK equities suggests that investors may finally be starting to appreciate the number of high-quality, global companies available in this market at valuations which are attractive both on an historical basis and relative to other markets.’ Performance was boosted by overweight positions in banks such as NatWest and OSB plus aerospace engineer Rolls-Royce Holdings PLC. A decision not to hold Lloyds Banking Group PLC hindered performance, while not holding Diageo PLC proved a benefit. An overweight position in 4imprint Group PLC also detracted. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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