19th Jun 2024 06:59
Ashoka WhiteOak Emerging Markets Trust PLC - investment trust focused on global emerging markets - Reports maiden results for the time from corporation in mid-March 2023 to March 31 this year. Net asset value per share as at March 31 is 109.86 pence each. NAV total return for financial 2024 is 12%, outperforming its benchmark, the MSCI EM (GBP) index, which had a return of 7.9%. Looking ahead, the trust notes that forecasts for global economic growth are higher than they were six months ago. "With the prospect of gradual disinflation and steady growth, the likelihood of a hard landing has receded, and risks to global growth are now more broadly balanced," it says. Read More
