13th Aug 2014 09:48
LONDON (Alliance News) - Hargreave Hale AIM VCT 1 PLC Wednesday said its net asset value declined in the third quarter of its financial year, but outperformed its benchmark.
The venture capital trust said its net asset value fell by 3.6% to 82.43 pence over the three months to June 30, compared with 85.42 pence in the previous three months.
During the same period, the FTSE 100 gained 2.2%, whilst the FTSE AIM All-Share, its benchmark, fell by 7.7%.
"Deal flow has continued to be strong since period end. We have made five additional qualifying investments and have a number of deals currently under consideration," it said.
Shares in the venture capital trust were down 4.0% at 73.00 pence Wednesday mid-morning.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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