Henderson Far East Income (LSE: HFEL)

Currency in GBP

Last close As at 03/02/2023

GBP2.87

−1.00 (−0.35%)

Market capitalisation

GBP456m

Henderson Far East Income aims to provide shareholders with a growing total annual dividend per share and capital appreciation, from a diversified portfolio of investments in the Asia-Pacific region. It has stock market listings in London and New Zealand.

Equity Analyst

David Holder

David Holder

Associate Director, Investment Trusts

Key Management

  • Mike Kerley

    Fund manager

  • Sat Duhra

    Fund manager

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 5.0 15.3 (1.4)
Relative (0.5) 4.7 (2.4)
52 week high/low 302.0p/242.0p

Overview

In our last review of Henderson Far East Income (HFEL) in July, Attractive yield despite modest dividend increase, we drew attention to the dividend increase from what is comfortably the highest yielding fund in the AIC Asia Pacific Equity Income sector. It was pleasing to see that in the company’s published full year results to the end of August, the dividends paid by the company were covered and that over £1m was added to the revenue reserves over this period. In this note we examine the drivers of performance, although it must be acknowledged that the weakness of sterling has been a tailwind for the portfolio’s capital and income returns.

Thematics

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TMT

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