23rd Jun 2015 13:04
LONDON (Alliance News) - The UK's "reasonable growth, subdued inflation and low interest rates" provide a positive environment for investing in equities, Henderson Opportunities Trust PLC Chairman George Burnett said on Tuesday.
"It is difficult to think of a better background for equity investing. This is not the view of many commentators who are more concerned with the potential negatives rather than the available opportunities. It is because of their worries that valuations remain undemanding," Burnett said in a statement.
"We will take advantage of this by remaining positive and looking for opportunities of which there are plenty in the UK, where innovation and enterprise is flourishing. We have encouraged your fund managers to find investments that have these qualities and make them count for the company.
The chairman's comments came as the trust said its net asset value rose 17.6% on a total return basis in the half year ended April 30, compared with a rise in the FTSE All-Share Index of 9.2%.
Since May 1, the trust's NAV is up 4.6% on a total return basis, with the FTSE All-Share down 2.2%, according to its statement.
Shares in the trust were up 2.2% at 1,030.00 pence on Tuesday.
By Samuel Agini; [email protected]; @samuelagini
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Henderson Opportunity Trust