British International Investment

(asked on 22nd March 2023) - View Source

Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what the value was of British International Investment’s (BII) revaluations for its (a) total investment portfolio and (b) intermediated fund investments in each of the last 10 years for which data are available; and what the value was of BII’s largest individual (i) negative and (ii) positive revaluation in each of the last 10 years for which data are available.


Answered by
Andrew Mitchell Portrait
Andrew Mitchell
Minister of State (Foreign, Commonwealth and Development Office) (Minister for Development)
This question was answered on 31st March 2023

British International Investment (BII) is a long-term patient investor investing across developing countries. The regions where BII invests are often subject to significant macro-economic challenges and financial volatility. In isolated years market conditions and events may significantly impact on the value of individual companies and BII's portfolio is subject to significant fluctuation in value. BII publishes the value of its portfolio and its portfolio return in its Annual Review and each Annual Review is available on BII's website.

For the past ten years, the value of i) BII's total portfolio (all of investments that BII holds); and ii) BII's investments through intermediated funds only is as follows:

Year

Portfolio value - all investments (end of year)

Funds value only (end of year)

Returns value (for the year) (%) USD - total portfolio

2011

$3,017m

$3,017m

-4.4%

2012

$3,585m

$3,504m

14.2%

2013

$4,146m

$3,715m

7.3%

2014

$4,557m

$3,979m

11.4%

2015

$4,420m

$3,088m

-0.9%

2016

$4,740m

$2,665m

5.2%

2017

$5,324m

$2,757m

7.8%

2018

$5,531m

$2,529m

-2.6%

2019

$6,273m

$2,511m

-2.1%

2020

$7,059m

$2,484m

-0.9%

2021

$8,142m

$2,832m

10.8%

For the past ten years, the value of BII's largest individual (i) negative and (ii) positive individual investment level valuation changes are as follows:

Year

Largest individual positive valuation change (end of year)

Largest individual negative valuation change (end of year)

2011

$53.7m

$-42.7m

2012

$96.7m

$-10.6m

2013

$165.7m

$-23.2m

2014

$111.1m

$-9.5m

2015

$97.6m

$-121.1m

2016

$51.8m

$-51.1m

2017

$94.7m

$-81.0m

2018

$39.3m

$-61.2m

2019

$24.4m

$-97.0m

2020

$46.7m

$-43.6m

2021

$126.9m

$-48.2m

Reticulating Splines