27th Jun 2019 18:12
(Alliance News) - Aberdeen Emerging Markets Investment Co Ltd said Thursday it outperformed its benchmark index for the six months to the end of April.
The investment trust's net asset value total return was 13.7%, outperforming the MSCI Emerging Markets Net Total Return, which returned 11.2%.
Aberdeen Emerging Markets's net asset value per share as at April 30 was 672.1 pence, up from 695.2p the same date the year before and from 600.6p at the end of October.
The company's share price at the end of April was 585.0 pence, reflecting a discount to net asset value of 13%.
Shares in Aberdeen Emerging Markets closed 0.3% lower on Thursday at 592.00 pence, having improved further since the period-end.
The company declared a third interim dividend of 5.25 pence per share, in line with the first and second. Aberdeen Emerging Markets said it expects to pay at least the same amount for the final dividend, bringing the total payout to no less than 21p.
"Emerging market equities outperformed developed markets during the period. Most of the gains were made during the first months of 2019 as a result of a more accommodative policy stance from the Federal Reserve in response to market volatility and, as appeared likely at that time, the prospect of a resolution to the US-China trade dispute. Strong performances from the Chinese and Indian stock markets resulted in Asia being the best performing emerging market region during the period," said Chair Mark Hadsley-Chaplin.
Related Shares:
AEMC.L