LONDON (Alliance News) - Ashmore Global Opportunities Ltd on Friday said it has now distributed 63% of its December 2012 net asset value, including the compulsory redemption of USD16.2 million paid in January 2016, with further asset realisations being pursued.
Chairman Richard Hotchkis said the trust has now achieved its target expectation that about half of its December 2014 NAV would become available for distribution by the end of 2015.
Net asset value per share fell to USD5.06 and GBP4.98 at the end of 2015 from US$5.28 and £5.21 at the end of 2014, the trust said.
"Key contributors to performance were Microvast and AEI. Detractors from performance were Far East Energy, Largo, and Bedfordbury," the chairman said.
Shares in Ashmore Global Opportunities were up 1.5% at 3.50 pence Friday afternoon.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
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