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.
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.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
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
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
TSB fined £10.9 million over ‘woeful systems and controls’ for struggling customers
News The Financial Conduct Authority issued the fine for historic failings by TSB after mortgage, loan and credit card customers were treated unfairly
By Marc Shoffman Published
-
RICS: Estate agents say house prices are up for first time in two years
Estate agents say UK house prices are rising, as buyers and sellers gradually return to the market. But the picture is less positive for renters as buy-to-let landlords sell up
By Katie Williams Published