6th Nov 2013 17:10
LONDON (Alliance News) - Schroder Oriental Income Fund Ltd Wednesday said that its net asset value for the year ended August 31 had produced a total return of 15.6%, up from 12.3% in the previous year.
Total return on net asset value compared favourably to the MSCI All Countries Pacific ex Japan Index, which saw a return of 11.3% for the period.
The company saw a total return on share price of 13.0%, up from 12.5% in the previous year.
The company said that as a result of concerns in the market over Chinese growth and US monetary policy, it recognised the potential for future market volatility. However, it said that it continued to believe in the regions ability to grow faster than the West.
Shares in the investment company closed down 1 pence at 187.50 pence Wednesday.
By Hana Stewart-Smith; [email protected]; @hanassallnews
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