IPU's NAV increases by 16.2%
StockMarketWire.com - Invesco Perpetual UK Smaller Companies Investment Trust (IPU) has reported that, over the six months to 31 July 2017, the Company's net asset value (NAV) increased by 16.2% compared with 12.1% for its benchmark, the Numis Smaller Companies Index (excluding Investment Companies).
Over the same period it said the wider UK stock market underperformed the small cap market, with the FTSE All-Share Index achieving a lower return of 7.1%.
The Company's share price rose from 432p to 487p during the same period, an increase of 12.7%, and the discount to NAV widened marginally, ending the period at 5.8%, having been 4.9% at the January 2017 year end.
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