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Aberdeen Emerging Markets beats benchmark

By BFN News | 08:35 AM | Tuesday 28 June, 2016

Aberdeen Emerging Markets Investment Co - formerly Advance Developing Markets Fund - beat its benchmark in the six months to the end of April. The company's net asset value total return for the period was 6.1% compared with 5.6% from the MSCI Emerging Markets Net Total Return Index (in sterling terms). The share price total return was 3.1%, reflecting a widening of the discount to the net asset value from 11.0% to 14.2% at the period end. The company said that after disappointing absolute returns in the previous financial year, it saw encouraging growth in its net asset value for the six months to the end of April, clawing back much of last year's fall with signs of improving sentiment in emerging markets. At 8:35am: (LON:AEMC) Aberdeen Emerging Markets Investment Company Limited share price was -1.37p at 421.13p Story provided by

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