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29 Oct 2018 | 13:42

Henderson International Income NAV up 2.5% amid trade war fears

Henderson International Income Trust boosted its annual net asset value per share by 2.5% but said its performance lagged benchmark due to trade war uncertainty hurting US equities.

NAV per share for the year through September rose to 167.1p.

On a total return basis, which included annual dividends per share of 5.3p, net asset value per share rose 5.9%, below a total return of 13.4% for the MSCI World (ex UK) Index.

In the previous year, the trust paid dividends of 4.9p per share.

'Global economic growth has strengthened, and political events continue to play a significant part in equity markets' performance,' the company said.

'The second half of the company's year has seen a sharp divergence between the relative performance of the US equity market and the rest of the world.

'The list of political events is long, ranging from a new Italian political coalition, through to emerging market crises in Argentina and Turkey.'

'The newest challenge to the status quo is the US President's determination to change the terms upon which the US trades with the rest of the world.'

'Whilst the company has achieved both capital and income growth over the last twelve months, this uncertainty has impacted the performance of the company relative to its benchmark as a result of the company's significant weights in higher yielding non-US equities.'

At 1:42pm: (LON:HINT) Henderson International Income Trust PLC share price was +3.25p at 154.25p

Story provided by StockMarketWire.com
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