Net Asset Value(s)
RIT CAPITAL PARTNERS PLC (LEI: P31Q1NLTW35JJGHA4667)
28 January 2022
Net Asset Value
The preliminary, unaudited, diluted net asset value of RIT Capital Partners plc (the Company) as at 31 December 2021 (with debt at fair value) was 2,794p per £1 ordinary share (30 November 2021: 2,701p).
This represents a preliminary, unaudited NAV per share total return (including dividends) of 23.6% for the year. The 2021 NAV performance exceeded both of the Company's investment KPIs: the inflation measure (RPI+3.0%) of 10.5% and the equity index (MSCI All Countries World Index, 50% Sterling) of 20.0%.
While global equity markets again saw wide variations in returns, and US and UK government bonds posted negative returns, the portfolio saw strong outperformance, with positive contributions from all of the main asset categories. In particular:
· very strong performance from our private investments, both within the direct and funds portfolios; and
· helpful contributions from our quoted equity and absolute return and credit portfolios.
As normal, the preliminary NAV and associated analysis is subject to audit, and the 2021 Annual Report & Accounts is expected to be published in early March.