4th Feb 2016 17:45
LONDON (Alliance News) - Henderson Opportunities Trust PLC on Thursday said its net asset value total return was 13.5% in the year ended October 31, while its FTSE All-Share benchmark returned 2.9%.
The proposed final dividend of 13.0p gave a total for the year of 18.0p, an increase of 44%.
"In the currently volatile market conditions, we will continue to focus on a diverse portfolio of strong companies whose valuations do not reflect their potential, an approach that has served us well over many years," Chairman George Burnett said.
Burnett backed the trust's focus on investing in "strong" individual companies with "excellent technology, products and services which will be navigated through any economic turbulence by their good management".
"We have since the year end experienced such a period with the NAV falling 10.3% from 31 October 2015 to 1 February, while the FTSE All-Share has fallen 4.1%. However, it is an approach that has served shareholders well over many years and we believe will continue to do so as good corporate results in aggregate come through," the chairman added.
Shares in the trust closed up 1.0% at 772.48p on Thursday.
By Samuel Agini; [email protected]; @samuelagini
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