17th Feb 2014 14:37
LONDON (Alliance News) - SVM UK Emerging Fund PLC Monday said it outperformed its benchmark in the last three months of 2013.
In a statement, SVM said its net asset value rose by 12.8% compared to a 7.1% rise in the benchmark, meaning it fulfilled its aim of outperforming the IMA UK All Companies Sector Average Index on a total return basis by investing in smaller UK companies.
The fund, which at the end of 2013 counted Ted Baker PLC and ASOS PLC as its two largest investments, aims for capital growth and doesn't pay a dividend.
The fund's net asset value per share rose to 72.01 pence from 63.84 pence in the three months to December 31 2013.
SVM UK Emerging Fund shares were Monday quoted at 58.80 pence, up 0.80 pence, or 1.4%.
By Samuel Agini; [email protected]; @samuelagini
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