30th May 2019 11:31
LONDON (Alliance News) - Schroder Income Growth Fund PLC on Thursday said it underperformed against its benchmark amid a "challenging" six-month period.
For the six months to February 28, the investment company's total return was negative 4.2% compared to a negative 3.7% generated by the FTSE All-Share Index, its benchmark.
Net asset value per share, as at February 28, stood at 295.20 pence, reduced 2.4% compared to 302.36p as at the same date of 2018. It was also lower than the 315.54p registered at August 31, 2018.
Looking ahead, Chair Ian Barby said: "We are aware of the uncertainty facing companies in the portfolio as they try and anticipate the future trading environment, but so far we take comfort from the dividend increases they are providing. Importantly we also note the manager's optimism about opportunities for the portfolio."
Schroder Income Growth shares were flat at 281.00 pence each on Thursday.
Related Shares:
Schroder Income Growth Fund