Muted markets limit SL Private Equity Trust
Standard Life European Private Equity Trust was hit by markets that were subdued in the third quarter due to macro-economic concerns.
Standard Life European Private Equity Trust was hit by markets that were subdued in the third quarter due to macro-economic concerns.
Its Net Asset Value (NAV) fell by 1.3% to 232.1p for the three months to the end of June.
NAV is calculated by dividing the total value of all the securities in a portfolio, minus any liabilities, by the number of fund shares outstanding.
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
Looking longer-term, the investment company's NAV total return was up 2% for the first nine months of the current financial year starting October 2011.
The Trust's total unrealised loss for the quarter was £10.3m, of which £1.6m was an unrealised loss on a constant exchange rate basis and £8.7m was driven by the Euro losing value against Sterling.
"New transactional activity remained subdued in the European private equity market in the second quarter of 2012, due to the impact of the difficult macro-economic and political environment in Europe and constraints on debt availability for leveraged transactions," its statement said.
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
'Capitalism is suffering death by a thousand cuts': Ruchir Sharma talks to MoneyWeek
Interview Ruchir Sharma, author of What Went Wrong with Capitalism, explains how free enterprise in developed economies has been undermined by continual state interference
-
'Invest in the water companies that keep the global economy going'
Opinion Saurabh Sharma, fund manager, Regnan Sustainable Water and Waste strategy, highlights three water companies where he'd put his money