16th May 2016 13:53
LONDON (Alliance News) - Invesco Perpetual Enhanced Income Ltd on Monday said it delivered a total return on net asset value of 3.8% in the six months ended March 31.
In a statement, the company said that as a result of market volatility, nearly all of the total return came from revenue, with only 0.1% from capital growth. Its share price rose by 4.7% on a total return basis and the share price premium to NAV increased to 2.5% from 1.6% in the period.
The company said its performance compared favourably to the three-month Libor return of 0.6%.
The trust's main goal is to provide shareholders with a high level of income while seeking to maximise total returns by investing in a diversified portfolio of high yielding corporate and government bonds. It may also invest in equities and other instruments.
"Your portfolio managers continue to seek to add exposure where good opportunities re identified in the areas of the market which they believe can offer attractive yields - in what remains a very low-yield environment - whilst prudently balancing risk and reward to ensure the protection of your capital," Chairman Donald Adamson said in a statement.
Shares in the trust were up 0.7% at 71.74 pence Monday.
By Samuel Agini; [email protected]; @samuelagini
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
IPE.L