IN BRIEF: Blackrock Frontiers Investment Trust Net Assets Down 36%

Blackrock Frontiers Investment Trust PLC - investment in frontier markets such as Kazakhstan, ...

Alliance News 31 May, 2020 | 3:22PM
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Blackrock Frontiers Investment Trust PLC - investment in frontier markets such as Kazakhstan, Indonesia, Kenya and Philippines

Net assets on March 31 were USD255.3 million, down 36% from USD400.8 million on September 30. Net asset value per share 105.56 US cents, down from 166.54 cents. NAV per share performance with dividends reinvested in half-year was negative 35%, versus negative 28% for benchmark, the MSCI Emerging Markets Index ex-Selected Countries + MSCI Frontier Markets Index. Declares 2.75 US cents interim dividend. In UAE, investment in NMC Health hurt returns, despite exiting in December; the former FTSE 100 stock's price fell amid allegations over the company's accounting practices and debt position and now has been delisted.

Current stock price: 92.66 pence

12-month change: down 30%

By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
BlackRock Frontiers Ord 94.00 GBX 1.51

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