APQ Global

Investment summary

APQ is a global emerging markets company targeting a sustainable and growing dividend as well as capital growth, by focusing on emerging markets-focused investment opportunities with the potential to generate significant income and long-term growth. 2018 was a difficult year for emerging markets, and including aggregate quarterly dividends paid of c US$8.15 (6.0p) during the year, the book value total return was a negative 18.1%. Recent progress with building its direct investment portfolio includes the acquisition of 40% of BARTR Holdings, an innovative start-up with specialist knowledge and operational experience of the wholesale telecoms market, and agreement to acquire a group of trust and corporate service vehicles under the name Palladium Trust Services. The unaudited book value per share at 31 January 2019 was US$0.9632 (c 73.22p).