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Currency in GBP
Last close As at 02/06/2023
GBP2.43
▲ −3.50 (−1.42%)
Market capitalisation
GBP398m
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.
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Director, Investment Trusts
Mike Kerley
Fund manager
Sat Duhra
Fund manager
| % | 1M | 3M | 12M |
|---|---|---|---|
| Actual | (3.0) | (8.7) | (17.9) |
| Relative | 2.2 | (3.3) | (15.2) |
| 52 week high/low | 300.5p/242.0p |
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.
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