Dundee-headquartered investment firm Alliance Trust has reported "robust" returns for the year, although its investment portfolio fell behind benchmark.
Total shareholder returns came in at 16.5% against the backdrop of new Covid-19 variants, increasing inflation and volatile markets.
Results for the year ended 31 December 2021 stated that performance in the year was ahead of the benchmark until the fourth quarter, when the index became dominated by the performance of a few of the largest US technology companies.
