17th Oct 2013 15:41
LONDON (Alliance News) - Ashmore Global Opportunities Ltd Thursday said its net asset value at the end of September was USD337.5 million, as it announced it the appointment of Non-Executive Director Richard Hotchkis as Chairman, replacing Jonathan Agnew who has now retired.
In an interim management statement for the period between July 1 and September 30, the investment company said its NAV per share of the GBP share class was GBP7.05, while the NAV per share of the USD share class was USD7.14.
Further to the approval by shareholders of the winding down proposals, the company said it made a capital distribution of USD13.0 million to shareholders in August by way of a compulsory partial redemption of shares, a capital return of 26.17 pence and 26.60 cents per GBP and USD share, respectively.
It also said the performance of the fund was negative by 6.7% over the third quarter for the USD share class. Ashmore said falling prices in emerging equity markets were the main determinant even though prices recovered somewhat in September.
Overall, the company's biggest holding was Brazilian renewable energy firm Odebrecht Agroindustrial, followed by Indonesian telecoms firm EMTEK.
By Anthony Tshibangu; [email protected];
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