LONDON (Alliance News) - Frontier markets investor Terra Capital PLC on Friday said its net asset value rose to USD0.925 from USD0.9234 in the final three months of 2015, equal to a net asset value return of 0.17%.
The fund's investment level, across equity, fixed income and hedging, fell to 85.23% from 88.25% over the quarter.
Exposure to Europe decreased to 24.67% from 26.32%, exposure to Asia fell to 16.83% from 18.52%, to the Middle East it rose to 16.56% from 15.22%, to Africa it fell to 10.23% from 12.83%, and to the Americas it rose to 16.93% from 15.35%.
Shares in the AIM-listed trust, which targets absolute returns at minimum volatility and invests in "under-researched and under-valued" companies, were untraded at 0.820 pence on Friday morning.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
Copyright 2016 Alliance News Limited. All Rights Reserved.