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UIL misses benchmark with negative first-half return

By BFN News | 07:59 AM | Monday 24 February, 2020

Investment company UIL posted a negative first-half performance, which it pinned on currency fluctuations. The company's net asset value total return for the six months through December was negative 4.3%. The pound appreciated against the dollar by 4.1% of that time period, and by 3.9% versus the Australian dollar. UIL underperformed the FTSE All-Share Index total return over the same period, which was up by 5.5%. Story provided by

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