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Foreign & Colonial Emerging Markets Investment Trust starts to recover


Foreign & Colonial Emerging Markets Investment Trust has recovered much of its value over the last six months after suffering badly from the Asian crisis.


Half year net asset value to March rose 28.3 per cent to £118.58m from £92.42 the figure at the previous year end of September 30, 1998.


But the NAV was down by £114.41m compared to the same period last year.


The share price was also up to 48p from 32.50p on the previous year end, although it was down by 52.75p from 100.75p for the same period of 1998.

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