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Schroder Oriental Income beats index

12 May 2016 15:22

Schroder Oriental Income Fund beat its reference index, the MSCI AC Pacific ex Japan Index, in the six months to the end of February.

Chairman Robert Sinclair said: "Asian markets were weak over the six months ended 29 February 2016, with the reference index, the MSCI AC Pacific ex Japan Index, producing a negative total return of 4.8% in local currency terms.

"Local currency strength turned this into a positive total return of 4.3% in sterling terms.

"Positive stock selection by our manager helped the company to outperform the Index, producing a positive net asset value total return of 8.6% for the period. The share price produced a total return of 4.5%."

At 3:22pm: (LON:SOI) Schroder Orient share price was -3p at 188p

Story provided by StockMarketWire.com

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