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Mobius Investment Trust PLC on Monday said that US policy shifts appear to foster stronger economic cooperation in Europe, as uncertainty remains a key theme. Mobius Investment is a London-based investment trust, with a diversified portfolio of companies exposed to emerging or frontier markets said net asset value per share as at November 30 climbed 4.2% to 150.4 pence from 144.3p a year prior. Main contributors to NAV growth were Indian software provider Persistent Systems, Indian wealth manager 360 One and Taiwanese electronic ink manufacturer E Ink. The main detractors were Brazilian software provider TOTVS, Brazilian jewellery brand VIVARA and Hong Kong healthcare provider EC Healthcare. NAV total return for the financial year ended November 30 was 5.2%, down from 8.5% a year ago, and underperforming against its comparator benchmark, which had a return of 6.6%. Its comparator is the MSCI Emerging Markets Mid Cap net total return in sterling. Mobius proposed a final dividend of 1.7 pence per share, up 36% from 1.25p a year prior. Looking ahead, lead investment manager Carlos Hardenberg from MCP Emerging Markets LLP said: ‘Heading into 2025, we remain focused on our long-term strategy and the core fundamentals of our portfolio companies. Conversations with our portfolio companies in recent months have reinforced our cautiously optimistic outlook for 2025 and beyond as we believe that several of our portfolio companies have potential for revenue growth and margin improvements in 2025.’ Chair Maria Cicognani said: ‘On a more positive note, the US policy shifts seem to be fostering stronger economic cooperation in Europe and among emerging economies. Trade flows are being redirected, and some countries stand to benefit as China continues to diversify its investments and production footprint, particularly in South Asia, the Middle East, and South America. Additionally, local products could become more competitive vs imports under a strong US dollar.’ Mobius shares were 1.5% lower at 134.02 pence each on Monday afternoon in London, giving it market capitalisation of £154.7 million. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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