29th Sep 2014 10:36
LONDON (Alliance News) - Henderson Global Trust PLC Monday said it underperformed its benchmark in the first half of its current financial year.
In a statement, the trust said its net asset value per share total return was 5.2% in the six months ended July 31, while the MSCI All Country World Index (in sterling terms, total return) delivered 6.7%. The share price total return was 5.3%.
"Five years into the market recovery that started in 2009, we remain constructive on equities. Our view is supported by improving global economic data, reasonable valuation levels and the ability of central banks to continue to provide liquidity," Chairman Richard Stone said in a statement.
The trust's NAV per share with debt at face value increased to 400.9 pence from 385.8p over the period. With debt at fair value, NAV per share rose to 401.9p from 386.8p.
The trust's shares were Monday quoted down 0.6% at 365.89p.
By Samuel Agini; [email protected]; @samuelagini
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