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May 22, 2015 11:56 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 Advance 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 A...

1st Floor Colette House

52-55 Piccadilly

London,  W1J 0DX

United Kingdom

Founded in 1998

Phone:

44 20 7016 0030

Fax:

44 20 7499 7802

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, 2014

Advance Developing Markets Fund Limited reported unaudited earnings results for the year ended October 31, 2014. For the year, the company reported total loss of £93,000 compared to revenue of £29,829,000 a year ago. Operating loss before finance costs and taxation was £3,073,000 compared to operating profit before finance costs and taxation of £26,203,000 a year ago. Operating loss before taxation was £3,092,000 compared to operating profit before taxation of £26,175,000 a year ago. Total comprehensive loss for the year was £25,929,000 compared to total comprehensive profit for the year of £3,363,000 a year ago. Basic and diluted loss per ordinary share was 5.97 pence compared to basic and diluted earnings per ordinary share of 37.88 pence a year ago. Net cash from operating activities was £54,455,000 compared £63,007,000 a year ago. NAV per share as at 31 October 2014 was 493.5 pence per share.

Advance Developing Markets Fund Limited Announces Unaudited Earnings Results for the Six Months Ended April 30, 2014

Advance Developing Markets Fund Limited announced unaudited earnings results for the six months ended April 30, 2014. For the six months, the company’s net investment losses were £23,783,000 against net investment gains of £43,940,000 a year ago. Total loss was £21,996,000 against total income of £46,056,000 a year ago. Operating loss before finance cost and taxation was £23,493,000 against operating profit before finance cost and taxation of £43,968,000 a year ago. Operating loss before taxation was £23,510,000 against operating profit before taxation of £43,968,000 a year ago. Total comprehensive loss for the period was £23,710,000 against total comprehensive income of £43,757,000 a year ago. Loss per ordinary share was 40.10 pence against 60.07 pence a year ago. Net cash flow from operating activities was £37,698,000 against £66,058,000 a year ago.

Advance Developing Markets Fund Limited to Adopt New Memorandum and Articles of Incorporation

Advance Developing Markets Fund Limited announced that the company's Annual General Meeting held on April 10, 2014, has approved to adopt new Memorandum and Articles of Incorporation.

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