RIT Capital Partners records 'broadly flat' NAV total return in H1 2023

The trust closed the six-month period with NAV per share of 2.3 pence, while share price was at 1.8 pence, a 21% discount. RIT cited difficult market conditions, persistent inflation and rising interest rates as some of the reasons for its results. RIT Capital Partners chair and third largest shareholder increase stakes amid backlash However, it noted since inception its return per annum has been nearly 11%, compared with 7% of the MSCI ACWI. Over the first half of 2023, the trust's quoted equities returned almost 7%, contributing 2.6% to NAV total return, with Japan and healthc...