17 Aug 2011 12:00
SVM Global Fund plcInterim Management Statement
This interim management statement covers the three month period from 1 April to 30 June 2011. It has been produced for the sole purpose of providing information to the Company's shareholders in accordance with the requirements of the UK Listing Authority's Disclosure and Transparency Rules. It should not be relied upon by any other party or for any other purpose.
Investment Objective
SVM Global Fund plc exploits global opportunities to provide long-term growth - providing shareholders with a diversified international multi-strategy portfolio and unique access to specialist funds including hedge and private equity.
BenchmarkFTSE World IndexDividend
The Fund pays a single annual dividend in January each year. The last dividend (for the year ended 30 September 2010) was 1.00 pence per share.
Material Events
The Fund published its Interim Report for the six months to 31 March 2011 in May.
Largest Investments as at 30 June 2011 Geographic Analysis as at 30 June 2011
% % 1 Baring Vostok Investments 6.2 UK 18.62 Firebird Republics Fund 4.9 North America 13.2
3 Black Rock World Mining 4.6 Developed Europe 12.7 4 Eurovestech
4.4 Emerging Europe 27.15 JPMorgan Russian Securities 3.9 Japan 2.06 Prosperity Voskhod Fund 3.5 Far East 12.77 City Natural Resources Trust 3.4 Other 13.78 Ceiba Investments 3.0 ---------9 ETFS Physical Silver 2.7 Total 100.010 Firebird New Russia Fund 2.7 --------- -------- Total 39.3 -------- Financial Position As at As at 30 Jun 2011 31 Mar 2011 (unaudited) (unaudited) £'000 £'000 Investments 189,360 189,945Net current assets 4,920 2,691 ---------- ----------Net assets 194,280 192,636 ---------- ---------- NAV per share 362.91p 358.50p
Changes to Share Capital
Issued Treasury Total As at 31 March 2011 53,634,546 0 53,634,546Ordinary shares bought back (100,000) 0 (100,000)Ordinary shares issued 0 0 0 ------------ ----------- -----------As at 30 June 2011 53,534,546 0 53,534,546 ------------ ----------- -----------Performance 3 months 1 year 3 years 5 years % % % % Share price +3.3 +18.4 -25.2 +6.9Net asset value +1.2 +17.5 -11.5 +5.3FTSE World Index -0.5 +19.2 +19.8 +20.9
Source: SVM/Lipper Hindsight, capital return to 30/06/2011
Past performance is not necessarily a guide to the future and that the value of investments and the income from them may fall as well as rise. Investors may not get back the amount they originally invested.
We are not aware of any significant events or transactions which have occurred between 30 June 2011 and the date of publication of this interim management statement which would have a material impact on the financial position of the Fund.
Further Information
Further information regarding the Fund, including Annual and Interim Reports and monthly factsheets, can be found at the Manager's website: at www.svmonline.co.uk.
XLON