20th Jun 2014 11:41
LONDON (Alliance News) - Henderson Far East Income Ltd Friday said its net asset total return in the three months to May 31 was up 6.78%. However in the one-year period to the end of May it fell 6.70%.
The company said it was active in the period, with a net investment of GBP1.0 million. The number of holdings in the portfolio remained unchanged at 55 despite a flurry of activity.
Henderson said the stock it sold included Seven West Media, Skyworth Digital Holdings, Sun Hung Kai Properties, Grand Korea Leisure and Kangwon Land. Conversely, there were five new stocks in the portfolio consisting of Mirvac Group, National Australia Bank, Huaneng Power, Cheung Kong Holdings and Malayan Banking.
At the period-end, the company said it had net assets of GBP335.0 million compared with GBP311.3 million at February 28.
Henderson Far East Income shares were quoted down 0.08% at 317.25 pence Friday afternoon.
By Anthony Tshibangu; [email protected];
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