European Assets Trust has published its interim figures covering the six months ended 30 June 2014. Over the period European Assets Trust underperformed its benchmark – the total return on net assets was 2.5% in Sterling terms vs. 6.6% for the Euromoney Smaller European companies ex UK Index. The fund’s rating improved however and so […]
The Invesco Perpetual Select Trust Balanced Risk portfolio, managed by Scott Wolle (pictured), generated a total return on net assets of 5.5% over the year that ended on 31 May 2014. Its discount widened however so that the return to shareholders was 4.5%. The net asset return matched the return on 3 month LIBOR+5%. The biggest […]
The Invesco Perpetual Select Trust Global Equity Income portfolio (managed by Nick Mustoe – pictured) generated a total return on net assets of 9.1% over the year that ended on 31 May 2014. Its discount widened however so that the return to shareholders was 8.3%. This was still better than the return on the MSCI […]
The Invesco Perpetual Select Trust UK Equity portfolio generated a total return on net assets of 18.3% over the year that ended on 31 May 2014. Its discount widened however so that the return to shareholders was 9.2%. This was still better than the return on the FTSE All-Share Index (+8.9%). The dividend for the […]
Private Equity Investor saw its net asset value fall slightly over the year to the end of March 2014 (from 230.8p to 228.4p) but this was almost entirely attributable to the strength of Sterling over the period as, in US dollar terms (most of the assets are in the US) the net asset value rose by […]
Kennedy Wilson Europe is buying a portfolio of debt secured against 13 real estate assets, comprising primarily offices, industrial, retail and residential properties. The cost to KWE is €75m. The largest three assets in this group are: The Times Building (pictured), a 67,000 sq ft, Grade A office building in Dublin City Centre let to the […]
Intu Properties has released interim results covering the six months ended 30 June 2014. A 7.6% uplift in the value of its shopping centres (well ahead of the 3.5% increase in the equivalent IPD index) has pushed the net asset value up to 372p. Like for like rental income was impacted by upcoming developments (a […]
Fidelity Japanese Values saw its net asset value return 4.2% over the six months ended 30 June 2014. This compares favourably with the Russell Nomura mid/Small Cap index which returned 0.9%. The discount widened slightly and the return to shareholders was 3.5%. The fund’s gearing (in the form of contracts for difference) helped but it […]
Henderson High Income generated a net asset value total return of 3.6% over the first half of 2014 – 2% ahead of the 1.6% return delivered by the FTSE All-Share Index and ahead of the fund’s benchmark which returned 2.3%. The dividend for the first half was 4.25p as compared to 4.15p for the equivalent […]
New Europe Property Investments says its net asset value (after adding back deferred tax) rose to 3.89 from 3.70 over the first half of 2014. Recurring income rose by 19% when compared to the first half of 2013. The company is paying a distribution to shareholders of 14.87 euro cents per share. The company says […]
