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Edinburgh Dragon Trust lags benchmark

22 April 2016 09:02

Edinburgh Dragon Trust's net asset value fell by 0.5% in sterling terms in the six months to the end of February on a total return basis, compared to a rise of 3.1% in its benchmark, the MSCI All Country Asia (ex Japan) index.

The under-performance was largely due to the company's exposure to financial holdings, particularly HSBC and Standard Chartered. The manager believes that these companies will benefit from the changes in management and efforts to refocus their businesses and capitalize on a regional recovery.

At 9:02am:

(LON:EFM) Edinburgh Dragon Trust Plc share price was -0.62p at 256.63p

(LON:EFMC) share price was 0p at 104p

Story provided by StockMarketWire.com

Related Company: EFM

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