Net Asset Value • Mar 18, 2020
Net Asset Value
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National Storage Mechanism | Additional information
RNS Number : 6777G
Ruffer Investment Company Limited
18 March 2020
RUFFER INVESTMENT COMPANY LIMITED
(a closed-ended investment company incorporated in Guernsey with registration number 41996)
LEI 21380068AHZKY7MKNO47
Given recent market volatility we would like to highlight that when calculating NAV our administrators use the latest available prices. For the option exposure and credit protection there will be a lag in the prices being updated. The NAV of 17 March 2020 of 225.36p includes option values and valuations of the credit protections from 16 March. These investments have continued to contribute positively through the recent market turmoil. The NAV also allows for the deduction of a dividend of 0.95p payable on 27 March.
As a result, the year to date performance to the NAV point is -2.2% versus the FTSE All-Share TR which is down 33.5% to the close on 17 March 2020. For the month to date the performance is +2.7% versus -24.6% for the FTSE All-Share TR. Please see a performance attribution table below.
The portfolio has around 35% in cash and highly liquid cash equivalents to take advantage of emerging opportunities.
Portfolio attribution from 31 December 2019 to 17 March 2020
| Credit Protection | 7.3% | |
| Option Protection | 4.9% | |
| Japanese yen | 0.8% | |
| Gold & Gold equities | -0.2% | |
| Inflation linked bonds | -1.0% | |
| Equities | -13.0% | |
| FUND NAME | NAV | SEDOL | NAV DATE |
| Ruffer Investment Co Ltd | £2.2536 | B018CS4 | 17th March 2020 |
Valuation as at date: 17th March 2020
Date: 18th March 2020
Par Value = Fair Value
Pricing Marker = Bid
Enquiries:
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
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