New Star Investment Trust PLC Reports Half-Yearly Results

New Star Investment Trust PLC released its unaudited results for the six months ending December 31, 2024. The company's net assets fell by 12.84% to £120.2 million, with a net asset value per share decreasing to 169.19p. Despite these declines, the company maintained an interim dividend of 1.70p per share.

Your Company's total return was 0.41%, contrasting with a 2.89% gain in the IA Mixed Investment 40-85% Shares Index. The company mentioned a recent return of capital to shareholders and a change in investment objectives focusing on long-term total returns through capital growth and income.

In the investment manager's report, tech stocks saw gains driven by AI advancements. Additionally, economic policies under President Trump may promote short-term US stock growth, though inflation concerns persist. The report highlighted a strategic focus on maintaining a strong cash position and shorter-dated bond investments as a defensive tool against market volatility.