logo-loader
viewAPQ Global

APQ Global sees medium-term growth for emerging market equities following “difficult” 2018

The investment fund reported in its annual review that its year-to-date return as of 31 December was -18.1%, although over the year it had decreased its exposure

Emerging markets
APQ said the medium-term outlook was supportive, although trade wars and political tensions may "dampen" sentiment

APQ Global Ltd (LON:APQ) said it believes the medium-term global economic growth outlook will be “supportive” for emerging market equities following a “difficult” 2018.

The emerging markets-focused investment fund reported in its annual review that its year-to-date return as of 31 December was -18.1%, while it had also paid out a dividend of around 1.5p, with a book value of 98 US cents per share at the end of the year.

WATCH: APQ Global's Bart Turtelboom on the opportunities for blockchain in emerging markets

APQ said towards the end of the year, it had gradually decreased its exposure, mainly in equities and local markets, although its fund remained fully deployed albeit in more defensive instruments.

By asset class, APQ’s credit exposure reported returns of -2.4%, with equities returning -4.9% while FX and rates exposures were -8% and -2.8% respectively.

However, the company said the medium-term outlook would be “supportive” for the emerging market equities, although ongoing trade wars, political and economic uncertainty in Italy and increased tensions in the Middle East and the Gulf were likely to “dampen” investor sentiment.

APQ added that it had maintained its investments in the City of London Investment Group as well as its stake in London-listed Anglo Pacific Group PLC (LON:APF), which make up 7% and 1.5% of its book value respectively.

The group also said in December it had invested 1% of its book value for a 40% stake in BARTR Holdings, a start-up seeking to disrupt the wholesale telecommunications market.

In mid-afternoon trading Wednesday, APQ shares were changing hands at 80p.

Quick facts: APQ Global

Price: 68.5 GBX

AIM:APQ
Market: AIM
Market Cap: £53.6 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of APQ Global named herein, including the promotion by the Company of APQ Global in any Content on the Site, the Company receives from said issuer...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

APQ Global hails its 2Q results as 'stellar'

APQ Global Ltd's (LON:APQ) Bart Turtelboom tells Proactive Investor New York that the emerging markets play has 'stellar' second quarter results, ramping up EM currency exposure to 76.2% from 48.9% at the end of the March, while EM equities were bumped up to 28.2% from 12.4%. Turtelboom...

on 26/7/19

2 min read