7th Oct 2020 19:17
(Alliance News) - ICG Enterprise Trust PLC on Wednesday said it outperformed the FTSE All-Share in its first half, helped by a recovery in the second quarter.
ICG's net asset value per share as at July 31 fell 2.2% to 1,126.9 pence from 1,152.1p at the end of January.
ICG shares closed 4.9% higher at 854.00p in London on Wednesday.
ICG posted a NAV total return of negative 1.0%, faring better than the FTSE All-Share which returned negative 18% during the period.
The trust noted an improvement in the second quarter, with its total return bouncing to 3.2% from negative 4.1% in the first quarter.
"We have been pleased by the performance, realisation activity and resilience of the portfolio through a period of extraordinary disruption caused by the Covid-19 pandemic," ICG's Head of Private Equity Fund Investments Oliver Gardey said.
By Eric Cunha; [email protected]
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