New Star Investment Trust Reports Strong Annual Earnings

New Star Investment Trust PLC announced impressive financial results for the fiscal year ending June 30, 2026. The company reported a substantial increase in net assets to £143.967 million, up 18.84% from the previous year. Similarly, the net asset value per ordinary share rose by the same percentage, reaching 202.70p.

The company's total return stood at 20.92%, outperforming its peers in the IA Mixed Investment 40-85% Shares index, which returned 17.12% during the same period. The MSCI AC World Index showed an even higher return of 28.19%. Despite these gains, the shares traded at a 32.91% discount to their net asset value.

The company faced a temporary lapse in its investment trust status due to share purchases by external shareholders but has since regained this status. Looking forward, growth opportunities appear favorable in Asia and emerging markets, with a recovery anticipated in globally diversified sectors such as IT hardware and utilities.