22nd Jul 2015 09:50
LONDON (Alliance News) - Herald Investment Trust PLC Wednesday said it expects future performance to be driven more by companies listed on AIM, the London Stock Exchange's junior market.
"Future performance is more likely to come from AIM than from fully listed companies. Although the regulatory regime perceives greater risk in the less researched, less liquid part of the market, which includes AIM, which in turn exacerbated these risks, it seems one of the few asset classes where there remain some attractive investment values," Chairman Julian Cazalet said in a statement.
The chairman's comments came as the trust said its net asset value per share, including current year income, appreciated by 7.9% in the six months ended June 30, closing the half year at 877.5 pence.
The Numis Smaller Companies Index, plus AIM and excluding investment companies, was up 8.3% in the same period.
Herald Investment Trust shares were down 0.9% at 733.25 pence on Wednesday morning in London.
By Samuel Agini; [email protected]; @samuelagini
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Herald Investment Trust