LONDON (Alliance News) - Amati VCT 2 PLC Thursday said its net asset value was up 4.1% on a total return basis between the start of February and the end of April, ahead of the FTSE AIM All-Share Total Return Index, which ended the period down 3.9%.
Amati VCT 2 said it had benefited from holdings in Frontier Developments PLC, which announced the release of the latest development version of the 'Elite:Dangerous' video game during the period.
It also pointed to Quixant PLC, the provider of computing platforms for casino gaming machines, which said it will supply its largest current customer with platforms for its next generation of gaming machines until 2019.
Brooks Macdonald Group PLC also contributed to performance as the AIM-listed wealth manager reported a GBP4.9 million pretax profit for the six months ended December 31, 2013, compared with GBP4.3 million in the corresponding period in 2012.
The company's relative outperformance also resulted from the FTSE AIM All-Share Total Return Index suffering from the sell-off of two of its largest constituents, ASOS PLC and Quindell PLC. The two stocks were not among Amati VCT 2's top-ten holdings as at the end of April.
However, not all of Amati VCT 2's holdings performed well. Accesso Technology Group PLC's share price fell in April, though Amati VCT 2's manager, Amati Global Investors Ltd, remains confident that Accesso's recent acquisitions stand the business in good stead for further growth in the provision of theme park and ski resort ticketing, payment and queuing solutions. Residential lettings company Belvoir Lettings PLC also disappointed, it said.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
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Accesso Technology Group (ACSO)
Brooks Macdonald (BRK)
Frontier Dev (FDEV)
ASOS (ASC)