2020 Annual Report and Accounts

2020 Annual Report and Accounts

"Despite the unparalleled turbulence of 2020, the Company ended the year with its share price at a near record level and its run of increasing dividends extended to 54 consecutive years. It is disappointing that the Company did not outperform its benchmark, but this is not surprising given that index returns were heavily skewed towards a handful of US large and mega-cap stocks. As the roll out of vaccines develops and the global economic recovery broadens out across industry sectors, your Board and our Investment Manager remain confident that the Company’s diversified but high conviction portfolio is well placed to deliver long-term outperformance."

Gregor Stewart, Chairman of Alliance Trust PLC.