11th Feb 2014 17:22
LONDON (Alliance News) - Ecofin Water & Power Opportunities PLC Tuesday said most of its assets at the end of January were in North America, followed by Continental Europe and the UK.
In an interim management statement for the period September 30, 2013 to January 31, the investment trust said 41.1% of its investment portfolio is currently in North America with 26.1% in Continental Europe and 18.7% in the UK.
Ecofin's assets are primarily invested in the equity and equity-related securities of utility and utility-related companies.
The company's investment portfolio was also diversified by asset class and, apart from listed equities, 2.8% of the portfolio is invested in bonds, primarily in the US while 5.8% is invested in unquoted companies.
Ecofin said over the four months to January 31, the company's shares traded at an average discount to their net asset value per share of 26.2%.
The firm said it was not aware of any events or transactions during the period which had a material impact on its financial position.
The stock closed at 128.00 pence Tuesday, up 2.00 pence or 1.6%.
By Anthony Tshibangu; [email protected];
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