23 Aug 2012 16:15
SVM Global Fund plc
Interim Management Statement
This interim management statement covers the three month period from 1 April to 30 June 2012. It has been produced for the sole purpose of providing information to the Company's shareholders in accordance with the requirements of the UK Listing Authority's Disclosure and Transparency Rules. It should not be relied upon by any other party or for any other purpose.
Investment Objective
SVM Global Fund plc exploits global opportunities to provide long-term growth - providing shareholders with a diversified international multi-strategy portfolio and unique access to specialist funds including hedge and private equity.
BenchmarkFTSE World IndexDividend
The Fund pays a single annual dividend in January each year. The last dividend (for the year ended 30 September 2011) was 2.00 pence per share.
Material Events
The Fund published its Interim Report for the six months to 31 March 2012 in May.
Largest Investments as at 30 June 2012 Geographic Analysis as at 30 June 2012
% % 1 Baring Vostok Investments 6.9 UK 16.4 2 Firebird Republics Fund 5.0 North America 14.0 3 Gold Bullion Securities 4.4 Developed 10.9 Europe 4 Treasury China Trust 4.2 Emerging 27.8 Europe 5 Black Rock World Mining 4.1 Japan 2.1 6 Ceiba Investments 4.0 Far East 10.6 7 Eurovestech 3.3 Other 18.2 8 Century Capital Partners LP 3.3 --------- IV 9 Prosperity Voskhod Fund 3.3 100.0 10 Zouk Solar Opportunities 3.1 --------- -------- Total 41.6 -------- Financial Position As at As at 30 Jun 2012 31 Mar 2012 (unaudited) (unaudited) £'000 £'000 Investments 152,175 163,706 Net current assets 10,603 8,623 ---------- ---------- Net assets 162,778 172,329 ---------- ---------- NAV per share 323.88p 337.18p Changes to Share Capital Issued Treasury Total As at 31 March 2012 51,109,546 700,000 51,809,546 Ordinary shares bought (850,000) 850,000 0back Ordinary shares issued 0 0 0 -------------- -------------- -------------- As at 30 June 2012 50,259,546 1,550,000 51,809,546 -------------- -------------- --------------Performance
3 months 1 year 3 years 10 years
% % % % Share price -7.1 -13.4 +15.9 +66.5 Net asset value -3.9 -10.8 +19.5 +79.9 FTSE World Index -4.5 -6.2 +34.0 +39.4
Source: SVM/Lipper Hindsight, capital return to 30/06/2012
Past performance is not necessarily a guide to the future and that the value of investments and the income from them may fall as well as rise. Investors may not get back the amount they originally invested.
We are not aware of any significant events or transactions which have occurred between 30 June 2012 and the date of publication of this interim management statement which would have a material impact on the financial position of the Fund.
Further Information
Further information regarding the Fund, including Annual and Interim Reports and monthly factsheets, can be found at the Manager's website: at www.svmonline.co.uk.
XLON