25th Jun 2014 15:37
LONDON (Alliance News) - Henderson Opportunities Trust PLC Wednesday said its net asset value per share rose in the first half of the year and outperformed its benchmark.
The trust reported a net asset value per share of 938.8 pence as at April 30, compared with a NAV per share of 732.3 pence a year earlier. It said its NAV rose by 7% on a total return basis, while its benchmark, the FTSE All-Share Index total return, rose by 2.7%
"The weighting to medium and smaller companies and the stock selection within those segments of the market has driven this outperformance," the trust said in a statement.
"The gearing of the company has also enhanced the underlying performance of the portfolio to the benefit of the NAV," it added.
It said its portfolio remains a mix of large, medium and small companies, which operate in a diverse range of industries with different end markets.
The company declared a dividend per share of 3.7 pence, up from 3.3 pence the prior year.
Shares in the UK-based trust closed 1.4% lower Wednesday at 907.41 pence.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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Related Shares:
Henderson Opportunity Trust