HICL in demand as Nav rises

HICL Infrastructure Company yesterday announced strong figures for the last six months after its net asset value increased close to three per cent. Shares in the fund now trade at 6.7 per cent premium to the Nav, a sign of increasing demand for the fund. HICL, which invests in roads and hospitals, said it planned to raise additional equity by March. The group has made seven new investments since September 2012, including a £75m spend on Scottish schools.