SVM UK Emerging Fund NAV +53% To 68.53P >SVM.LN

14th Jun 2010 13:10

LONDON (Dow Jones)--SVM U.K. Emerging Fund PLC (SVM.LN), which invests in smaller U.K. companies with a particular focus on the those listed on AIM, said Monday its net asset value increased by 53% to 68.53 pence for the year ended March 31 compared with a rise of 73% in the FTSE AIM Index. MAIN FACTS: - The Fund retains maximum flexibility with ample cash resources and the facility to borrow and take hedging positions. -Board and Managers believe the Fund is well placed to outperform both relatively and absolutely; Its aim remains to deliver long term capital growth, lower volatility and absolute returns. -Revenue loss per ordinary share 0.72 pence (2009: loss 0.84 pence) -Shares at 1210 GMT unchanged at 48 pence valuing the company at GBP2.88 million. -By Ian Walker, Dow Jones Newswires; 44-20-7842-9296; [email protected] (END) Dow Jones Newswires June 14, 2010 08:10 ET (12:10 GMT)