LONDON (Alliance News) - Aberdeen Private Equity Fund Ltd on Thursday said its net asset value per share fell by 1.6% to 125.37 pence in the six months ended September 30. The sterling NAV total return to shareholders was up 0.2% in the half, when including the 2.2p dividend paid in September.
"Positive performance from the underlying holdings was offset by a negative currency movement for the period under review. The largely US dollar denominated investment portfolio, and the company's US dollar cash holdings, experienced translational losses representing 2.0% of NAV following a weakening in the US dollar (relative to sterling) over the period," Chairman Howard Myles said in a statement.
On September 30 the discount at which the trust's shares traded to NAV stood at 28.9%.
Shares in Aberdeen Private Equity Fund were untraded on Thursday, having last traded at 89.75 pence.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
Copyright 2015 Alliance News Limited. All Rights Reserved.