10th Feb 2014 10:29
LONDON (Alliance News) - Hargreave Hale AIM VCT1 PLC Monday said it had outperformed its benchmark indexes in the first quarter of its financial year, although it was more cautious about its outlook.
The trust said its net asset value rose 10.1% to 79.16 pence at the end of December, from 71.87 pence at the end of September, outperforming a 4.4% rise in the FTSE 100 and a 7.2% increase in the FTSE AIM All-Share.
"The strong performance has carried through into the New Year with a NAV Total Return of 6.13% in January despite the more challenging market environment. The total return for the first four months of the year was 16.9%," it said.
"Whilst we feel confident about the multi-year outlook, it?s more difficult to know what the future holds in the short-term; history suggests that strong NAV growth of the type we have witnessed in the last six months is usually followed by a period of consolidation," it cautioned.
By Steve McGrath; [email protected]; @SteveMcGrath1
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