Your Basket
Your Basket
There are no funds in your basket. To add funds to your basket use the Green Plus Icon wherever you see it next to a fund.
Fund name
Aberdeen American Growth  
Fidelity American  
Schroder UK Mid 250  
M&G Recovery  
Jupiter Merlin UK Growth  
Close Basket Open basket

Login

Login

Register

It's look like you're leaving us

What would you like us to do with the funds you've selected

Show me all my options Forget them Save them
Customise this table
 
Search

European private equity still challenged

Standard Life European Private Equity Trust sees financial market uncertainty and eurozone troubles.

By Jonathan Boyd, Editor in Chief
Friday May 28, 2010

The net asset value (NAV) of holdings in the Standard Life European Private Equity Trust gained more than 10 per cent in the six months to 31 March, but the company's board sees continued uncertainty about performance ahead.

Chairman Scott Dobbie commenting on the interim results says the activities of financial markets and the macroeconomic challenges facing the eurozone suggest a rocky road ahead.

"Whilst the company has limited direct exposure to the economies most immediately involved, the general uncertainty has prompted concerns about European private equity activity. Nevertheless, the board and the manager remain confident that the company's financial position and strong portfolio of fund interests will ensure full participation in any upturn. In the meantime, rising earnings in many of the underlying investments provide a base to underpin the company's valuation."

Net assets in the fund hit £294.4m as at 31 March, up from £256.6m in September 2009. This was calculated on the basis of 40 private equity fund interests collectively invested in 513 underlying investments.

While the NAV gained 10.7 per cent in the period, the share price advanced by 4.2 per cent to 117p by the end of the period.

The discount today stands at 38 per cent according to Trustnet data, civing the company a market value of £173m

 
Add your comment
Step 1: Tell us what you think...
 

Step 2: Prove you're not a robot...
You don't have to do this every time you submit a comment.

Login or register free and you won't see it again.
Enter the words above:
Step 3: Submit your comment...
Submit
 
Be the first to comment on this News Article.

 

Follow FE Trustnet

Video Headlines

More Videos

Slowdown in China is good for investors, says Zhang

GMT 19:00 | 17-Apr-2014

Matthews Asia: Why you need Japan for income

GMT 19:00 | 16-Apr-2014

 
Poll

At what age do you expect to be able to retire/were able to retire?

Younger than 60

60 to 70

Older than 70

Never

Vote

 
 
  • Stay connected with FE trustnet
  • Authorised and Regulated by the
    Financial Conduct Authority
  • © Trustnet Limited . All Rights Reserved.
  • Please read our Terms of Use / Disclaimer
    and Privacy and Cookie Policy.
  • Data supplied in conjunction with Thomson Financial Limited,
    London Stock Exchange Plc, StructuredRetailProducts.com
    and ManorPark.com