2nd Jul 2014 09:36
LONDON (Alliance News) - Oryx International Growth Fund Ltd Wednesday said growth in its net asset value in its last financial year significantly outperformed the growth of its benchmark index.
The closed-ended investment company said its net asset value increased by just over 43% in the financial year ended March 31, compared with a 17.5% rise in the FTSE small cap index.
"We have seen over the past year a rapid recovery of the UK stock market with positive signs of economic growth in most sectors of the UK economy," the company said in a statement.
Oryx International Growth Fund said it benefited from a substantial rise in a number of its major holdings within its quoted portfolio.
The company said it is cautiously optimistic of making further progress in the year ahead.
"There are grounds for optimism in the medium term as investments continue to mature with good prices being achieved on exit," Chairman Nigel Cayzer said in the statement.
Shares in the company were untraded Wednesday at 395.01 pence.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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