19th Jul 2016 10:25
LONDON (Alliance News) - Unicorn AIM VCT PLC said it had delivered a "resilient" performance in the second quarter of 2016, seeing net asset value per share rise 2.3%.
NAV per share rose to 154.3 pence as at the end of June from 150.9 pence at the start of April.
In the three months to the end of June, the FTSE All-Share Total Return Index returned 4.7%, whilst the FTSE AIM All-Share Index was flat, despite the extreme volatility in the days following the UK's vote to leave the European Union.
Unicorn AIM VCT highlighted Abcam PLC, Avingtrans PLC, Belvoir Lettings PLC, Idox PLC and Mattioli Woods PLC as strong contributors during the period.
However, the venture capital trust said the short-term impact of Brexit hit many smaller UK quoted companies as investors worried about the possible negative implications for the UK economy. As a result, a number of investments held in the portfolio performed poorly, with the worst performers being Anpario PLC, Cohort PLC, Gama Aviation PLC, Totally PLC and Tracsis PLC.
Shares in Unicorn AIM VCT were untraded Tuesday. They last closed at 132.39 pence.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
Copyright 2016 Alliance News Limited. All Rights Reserved.
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