24th Jul 2019 13:48
(Alliance News) - Mobius Investment Trust PLC on Wednesday said it is well positioned to take advantage of opportunities despite a decline in net asset value per share in the first half of its current financial year.
The investment company said its net asset value per share declined 3.9% to 94.2 pence for the period to May 31, 2018, from incorporation on August 7, 2018. In comparison, the MSCI Emerging Markets Index sterling adjusted fell by 1.6% over the same period, while the MSCI Frontier Markets Index sterling adjusted rose by 5.2%.
The trust's shares traded at an average premium to NAV per share of 0.3% during the period, which had increased to 0.8% on May 31.
Mobius shares were trading 0.8% lower on Wednesday in London at 97.40p each.
At the end of May, the company's portfolio comprised of 20 holdings across 11 countries.
Looking ahead, Chair Maria Cicognani said: "The investment manager is well positioned to take advantage of the diverse range of opportunities currently available across emerging and frontier markets."
Related Shares:
Mobius Investm.