Blue Planet NAV rises 3.5 per cent in six months

The share price for Maltese-based investment management company Blue Planet International Financials Investment Trust rose 1.03 per cent on Friday, following publication of the group's half yearly results.

Over the six months to October 31st 2012, the group's net asset value (NAV) rose 3.5% to 38.35p per share while the share price (bid) rose 4.6% to 23p.

The fund's benchmark index, the Bloomberg World Financials Index, returned 4.3% over the same period in Sterling terms.

A key event during the period was the group's merger with Blue Planet financials Growth & Income Investment Trusts No.s 1-10 and the Blue Planet Financials Investment trust in June 2012.

John Tyce, chairman of the group, said: "Levels of anxiety have fallen noticeably over recent months and confidence is returning to the markets. Furthermore, there is still plenty of upside in this market and with a portfolio of good quality, high yielding stocks with strong cash-generation abilities and good recovery prospects we are well placed to profit from that recovery. Consequently, we look forward to the future with confidence."

MF