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Henderson Far East Income in 60 seconds

Henderson Far East Income in 60 seconds

Henderson Far East Income — 1 video in collection

More on this equity

Edison has recently published a note on Henderson Far East Income, known by its ticker, HFEL.
HFEL has consistently delivered on its objective to provide a rising dividend.
But performance suffered in the past financial year due to an overweight to Chinese cyclical stocks, which were hurt by China’s insipid post-pandemic rebound.
To lift future returns, HFEL’s board has since indicated an increased willingness to use reserves to support dividend payments.
This reduces the requirement to focus primarily on high income names to fund dividend payments, giving the lead manager scope to acquire well-priced value names offering performance and yield, or the prospect of future dividend growth.
The manager has been quick to reduce the trust’s exposure to China and increase positions in India and Indonesia.
Early signs suggest this repositioning is paying off – HFEL outperformed the market in the six months to end March 2024.

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