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ICG Enterprise Trust reports rise in annual returns on 'excellent' portfolio growth
StockMarketWire.com
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ICG Enterprise Trust reported that total returns that were up up 22.5% for the year, following an 11.8% climb during the final quarter following 'excellent' portfolio growth. For the year ended 31 January 2021, net asset value per share was 1,384p, representing a total return of 22.5% during the year and 11.8% during the quarter. About half, 51%, of the portfolio experienced local currency returns of of more than 48.0%, the company said. Ongoing third party funds generated a local currency return of 22.4%, it added. The final dividend of 9 pence, took total dividends for the year to 24 pence, up 4.3% compared to FY20.
'Our portfolio is focused on defensive growth companies, well diversified by sector and geography, and is well positioned to capture the growth of a dynamic market environment,' the company said.
At 9:14am: (LON:ICGT) Icg Enterprise Trust PLC share price was 0p at 926p
Story provided by StockMarketWire.com
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