Ground Rents Income’s net asset value rose from 97.5p to 101.8p over the six months ended 31 March 2014. The percentage of the portfolio invested passed the 70% mark during the period and the statement says a further £2.4m (just under 3%) was committed to new investments at the end of March. The Chairman says they are keen to move the fund to being fully invested but they are “conscious of the prevailing market conditions, where asset values are rising and, conversely, yields are falling”.
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