12th Feb 2015 17:43
LONDON (Alliance News) - Henderson Opportunities Trust PLC Thursday said its performance over its last financial year was better than that of its benchmark.
The trust's net asset value total return, which includes dividends reinvested, rose 3.4% in the year ended October 31, 2014, while the FTSE All-Share Index, the benchmark, returned 1.0%.
"This apparent calm disguises the fact that, after a very strong first half, the latter part of the year saw a fall back in performance as the markets turned somewhat negative and retreated into conventional 'safe' stocks. An analysis of the underlying stocks in the portfolio shows that despite any fall in their share price, earnings growth continues to be strong," Chairman George Burnett said.
The trust's NAV per share rose to 903.7 pence from 884.3p over the course of the year.
Henderson Opportunities Trust shares closed up 1.4% at 831.82 pence on Thursday.
By Samuel Agini; [email protected]; @samuelagini
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