By James Thorneley Mercury European has the lowest share price beta of all the investment trusts in ...
By James Thorneley Mercury European has the lowest share price beta of all the investment trusts in the European sector. The main reason for Mercury's low beta, 0.76 times, relative to the other conventional trusts and the one split cap in the sector, is due to the amount of shares the trust's board has repurchased. Between January 1997 and June 2000 the trust repurchased over £350m worth of shares, reducing its size by more than one-third. The next biggest repurchaser of shares in the sector is Fleming Continental European trust, which has bought in £25.8m worth of equity. Ian Barby,...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes