29th Jul 2014 12:32
LONDON (Alliance News) - Fidelity European Values PLC Tuesday said that its performance matched that of its benchmark index in the first six months of 2014.
In a statement, the company said that its net asset value total return was 3.1%, in line with the total return of the FTSE World Europe (ex UK) Index.
The share price total return was 5.6%, which is ahead of the NAV total return as a consequence of a narrowing in the share price discount to NAV.
The discount narrowed from 7.9% at the beginning of the year to 5.7% at the end of the reporting period, based on the NAV excluding income.
Fidelity European Values shares were up 0.5% to 149.75 pence on Tuesday.
By Samuel Agini; [email protected]; @samuelagini
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