20th Apr 2016 16:24
LONDON (Alliance News) - Henderson Far East Income Ltd Thursday reported a net asset value total return of 5.8% and share price total return of 3.3% in the six months ended February 29.
The trust said the sterling adjusted FTSE All World Asia Pacific ex Japan Index returned 3.9% in the same period.
For the same period a year earlier, Henderson Far East reported a net asset value total return of 3.3% and share price total return of 4.0%.
"The six months under review have been characterised by continuing global and regional Asian volatility. Against this background, I am pleased to report that the net asset value total return per ordinary share was 5.8%. This compares favourably with the 3.9% total return on the FTSE All-World Asia Pacific ex Japan Index over the same period," Chairman John Russell said.
"Volatility seems to be inevitable given the continuing concerns around the pace of Chinese growth, the direction of interest rates in the United States, the issues in Europe, and the UK referendum on EU membership and its potential impact on sterling," Russell said.
"That said, the volatility should provide opportunities to invest in attractive companies with both capital and income growth potential. In particular, your board remains optimistic that the pace of dividend growth in Asia will continue," Russell added.
Shares in Henderson Far East closed down 0.2% at 289.95 pence on Wednesday.
By Hannah Boland; [email protected]; @Hannaheboland
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