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LONDON (Alliance News) - BlackRock Frontiers Investment Trust PLC said Thursday its first half net asset value per share increased as its total return at 14% beat its benchmark, which registered 11%.
The company's net asset value per share in US dollar terms was 220.03 cents, up from 196.91 cents at the end of the previous financial year in September.
The company declared an interim dividend of 3.00 US cents per share up from 2.70 US cents.
"The board believes that the company's broadened investable universe provides the investment managers with the flexibility to adjust the portfolio's geographic exposure to take advantage of specific opportunities or in response to the natural evolution of Frontier Markets," Chairman Audley Twiston-Davies said.
"The board is confident that the investment managers are well positioned to take full advantage of the new opportunities this may create in what remains a dynamic and exciting asset class. We look forward to a new chapter for the company and believe that it is now well placed to deliver continued success in the years to come."
BlackRock Frontiers shares closed down 0.6% at 161.02 pence.