UK's Monks Investment Trust NAV return rises 29.3%

Overview

• UK global equities trust's NAV total return rose 29.3% for year to 30 April 2026

• Share price total return rose 35.6%, discount to NAV narrowed to 5.7%

• Company repurchased 16.1% of shares to support discount management

Outlook

• Monks expects to continue share buybacks to manage discount and deliver shareholder value

• Company expects to maintain effective gearing within minus 15% to plus 15% range

• Monks sees broadening market returns and ongoing geopolitical uncertainty as key drivers ahead

Result Drivers

• AI HARDWARE EXPOSURE - Gains driven by holdings in companies benefiting from AI hardware bottlenecks, including TSMC, Samsung, Comfort Systems, and FTAI Aviation

• ACTIVE CAPITAL ALLOCATION - Significant share buybacks and disciplined portfolio management contributed to NAV growth and discount narrowing

Company press release:

Key Details

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