30th Jul 2014 14:50
LONDON (Alliance News) - Henderson High Income Trust PLC Wednesday said its net asset value total return outstripped its benchmark return in the first half of its financial year.
The UK-based investment company said its net asset value total return grew by 3.6% in the half year ended June 30, compared with its benchmark which rose 2.3%. The company's benchmark is a composite of 80% of the FTSE All-Share Index and 20% of the Merrill Lynch Sterling Non Gilts Index.
Henderson Huge Income Trust said its net asset value as at June 30 was 171.44 pence, compared with 152.41 pence in the first half of last year.
Its share price during the period increased to 175.50 pence, compared with 159.00 pence a year earlier.
"The company has had a positive start to the year both in absolute returns and relative to its benchmark. Stock selection within the equity portion of the portfolio has been the key driver of outperformance," the trust said in a statement.
Shares in the trust were up 0.5% at 176.85 pence Wednesday afternoon.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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