Over the six months ended 30 September 2015, SVM UK Emerging delivered a total return of 6.0%, outperforming the IA UK All Companies sector average (its benchmark) which returned -5.0%. the return to shareholders was 2.5%.
The statement says there were positive contributions over the period from retailers, Supergroup and Ted Baker. Marketing group, Four Imprint also gained, as did Hutchison China Meditech (Chi-Med). Chi-Med is now one of the ten largest portfolio investments, and is the 3rd largest capitalised company listed on the Alternative Investment Market. Portfolio holding, Betfair gained as it announced a merger with Paddy Power, which will create a £6bn betting business.
SVM : SVM UK Emerging outperforms