According to the Association of Investment Companies, the trust's share price has gained nearly 40% since the end of June. Year-to-date, PRSR is up 26% on share price terms, while its NAV has ticked up less than 2.5% over the same period. The trust, managed by Sigma PRS Management since its IPO in 2017, holds over £1bn in assets and is currently trading at a 15% discount to net asset value. In a stock exchange notice today (30 September), chair Steve Smith said the entry to the index would not have been achieved without the backing of its investors, banking and housebuilder partners,...
To continue reading this article...
Join now
Login
Read more on investmentweek.co.uk