DCG Iris : IRIS – interim results

DCG Iris, a fund investing in insurance-linked contracts, has today released its interim results for the six months ended 30 November 2013. On 30 November IRIS’s NAV was 99.46p, slightly below the level at close of business on 31 May 2013 when the NAV was 99.79p. Including income however the total return for the period was 2.2%.

Although there have been a number of weather-related events in recent times including Hurricane Sandy, the European wind storm Christian, tornados in Oklahoma and Typhoon Haiyan. DCG say though  that the fund is not expected to be materially impacted by any of these (Sandy, pictured, cost the fund 0.24% of the NAV).

The fund has delivered an annualised return of 5.07% since launch. The Board are keen to expand the fund.

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