28th Jul 2014 16:16
LONDON (Alliance News) - SVM UK Emerging Fund PLC Monday said its net asset value per share declined in the last quarter, and significantly underperformed its benchmark.
The UK-based investment company said its net asset value fell by 12.4% in the quarter ended June 30, compared to its benchmark index, the FTSE AIM Index, which declined only 0.7%.
The company said its share price in the quarter declined by 11.7%.
Its net asset value per share at at June 30 was 64.77 pence, down from 73.93 pence in the quarter ended March 31.
The company's shares were down 4.3% at 49.00 pence before the market close Monday.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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