EP Global Opportunities Total Return Falls, Annual Dividend Flat

15th Mar 2018 13:31

LONDON (Alliance News) - EP Global Opportunities Trust PLC said Thursday its net asset value total return beat the FTSE All-World Index, though was much lower than that recorded in 2016.

EP Global's net asset value per share rose 12.5% in the year, resulting in a total return after the re-investment of dividends of 14.4%. Though it has no official benchmark, the FTSE All-World Index returned 13.8% in 2017 and the FTSE All-Share Index 13.1%.

In 2016, EP Global's total return was 26.9%.

The investment company is paying a final dividend of 5.30 pence per share, though there will be no repeat of the 1.00p special payout in 2016. However, the 5.30p final dividend is 1.00p higher than 2016's final payout of 4.30p, meaning the total shareholder return for 2017 is flat year-on-year.

EP Global made eight portfolio purchases and seven sales during the year, and exposure increased in the Asia-Pacific and Europe, with US and Japanese investment levels falling.

Looking ahead, the company said its investment manager is "finding difficulty" in identifying undervalued companies in the US, and as such it will continue to focus on Japanese, European, and Asia Pacific stocks.

Shares were flat on Thursday at 300.00p each.

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