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February 14, 2016 7:00 PM ET

Capital Markets

Company Overview of Advance Developing Markets Fund Limited

Company Overview

Advance Developing Markets Fund Limited is a close-ended equity fund of funds launched and managed by Aberdeen Emerging Capital Limited. The fund invests both directly and through other funds in public equity markets of emerging market countries across the globe, with a focus on Asia, Eastern Europe, the Middle East, Africa, and Latin America. It seeks to invest in stocks of companies operating across diversified sectors. The fund employs quantitative, qualitative, and fundamental analysis with both bottom-up and top-down approaches to create its portfolio. It benchmarks the performance of its portfolio against the MSCI Emerging Markets Net Total Return Index. The fund was formerly known as ...

Bow Bells House

1 Bread Street

London,  EC4M 9HH

United Kingdom

Founded in 1998

Key Executives for Advance Developing Markets Fund Limited

Advance Developing Markets Fund Limited does not have any Key Executives recorded.

Advance Developing Markets Fund Limited Key Developments

Advance Developing Markets Fund Limited Reports Unaudited Earnings Results for the Year Ended October 31, 2015

Advance Developing Markets Fund Limited reported unaudited earnings results for the year ended October 31, 2015. For the year, the company reported total loss of £17,519,000 compared to of £93,000 a year ago. Operating loss before finance costs and taxation was £20,516,000 compared to operating loss before finance costs and taxation of £3,073,000 a year ago. Operating loss before taxation was £20,557,000 compared to operating loss before taxation of £3,092,000 a year ago. Total comprehensive loss for the year was £20,745,000 compared to total comprehensive loss for the year of £3,363,000 a year ago. Basic and diluted loss per ordinary share was 39.95 pence compared to basic and diluted loss per ordinary share of 5.97 pence a year ago. Net cash from operating activities was £156,000 compared £54,455,000 a year ago. NAV per share as at 31 October 2015 was 453.5 pence per share.

Advance Developing Markets Fund Seeks Investments

Advance Developing Markets Fund Limited (LSE:ADMF) reported, “We look forward to continuing to implement our current strategy and process with significant additional support provided.”

Advance Developing Markets Fund Limited Reports Unaudited Consolidated Earnings Results for the Six Months Ended April 30, 2015

Advance Developing Markets Fund Limited reported unaudited consolidated earnings results for the six months ended April 30, 2015. For the six months, the company reported total income of £19,498,000 against total loss of £21,996,000 a year ago. Operating profit before taxation was £17,937,000 against loss of £23,510,000 a year ago. Total comprehensive income for the period was £17,762,000 or 34.20 pence per share against loss of £23,710,000 or 40.10 pence per share a year ago. Net cash used in operating activities was £1,701,000 against net cash from operating activities of £37,698,000 a year ago. Net asset value per ordinary share was 527.68 pence against 456.52 pence a year ago. Net investment gains were £17,780,000 against net investment losses of £23,783,000 a year ago. Operating profit before finance cost and taxation was £17,958,000 against operating loss before finance cost and taxation of £23,493,000 a year ago.

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