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Genesis Emerging Markets Fund Underperforms MSCI Index Benchmark

[ 14 Feb 2018 17:41 ]

LONDON (Alliance News) - Genesis Emerging Markets Fund Ltd said Wednesday that its net asset value per participating preference share underperformed its benchmark during the second half of the year in sterling terms, but outperformed it in dollar terms.

Net asset value per participating preference share in sterling terms increased by 8.9% to GBP8.16 during the half to December 31, from GBP7.50 in the previous half to June 30.

In dollar terms, the net asset value per participating preference share rose by 13.4% to USD11.05, from USD9.74 in the foregoing half.

The fund's benchmark, the MSCI Emerging Markets (Total Return) Index, returned 11.5% during the six months.

Genesis' share price (adjusted for dividends paid) increased by 12.3% over the half-year, whilst the discount of share price to NAV narrowed slightly to 11.6%, and the fund's NAV (also adjusted for dividends paid) rose by 10.4%.

The fund paid a 14 US cents dividend in December, whilst no dividend was paid in June.

Genesis Emerging Markets Fund shares closed up 1.3% at 712.00 pence per share on Wednesday.

By Toby Woodall; tobywoodall@alliancenews.com

Copyright 2018 Alliance News Limited. All Rights Reserved.


Genesis Emerging Markets Fund Underperforms MSCI Index Benchmark - Alliance News

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