18th Nov 2015 10:34
LONDON (Alliance News) - Utilico Emerging Markets Ltd on Wednesday said its net asset value total return per ordinary share was negative at 12.8% in the six months to September 30.
That was ahead of the MSCI Emerging Markets Total Return Index (sterling adjusted) which was down 18.7%.
Since inception in 2005, Utilico Emerging Markets said it has achieved an average annual compound total return of 10.7%.
Utilico Emerging Markets said its dividend for the year to March 31, 2016 is set to rise to 6.40 pence from 6.10p following an increase in quarterly dividend payments to 1.625p from 1.525p.
Shares in Utilico Emerging Markets were flat at 166.44p on Wednesday.
By Samuel Agini; [email protected]; @samuelagini
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