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Annual Results

Henderson Alternative Strategies lags index

20 December 2016 08:51

Henderson Alternative Strategies Trust's net asset value and share price rose by 13.4% and 14.5% respectively on a total return basis in the year to the end of September.

This, though, fell short of its global equity benchmark, the FTSE World Total Return Index (in Sterling), which returned 31.2%.

Chairman Richard Gubbins said: "This very strong performance reflected two main factors. First, the US equity markets, which delivered relatively high returns of approximately 15% during the period, comprise some 55% of the benchmark index.

"Second, the benchmark index has a UK market weighting of only 7%. As a result the fall in the value of sterling following the UK's June vote in favour of leaving the EU provided a major boost to the benchmark index return, which is calculated in sterling.

"Furthermore, the nature of the company's diversified portfolio with its holdings in assets whose returns are weighted towards the longer-term, meant that shorter-term returns in the period did not match more immediate stock market performance."

At 8:51am: (LON:HAST) Henderson Alternative Strategies Trust Plc share price was +2.13p at 262.13p

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