LONDON (Alliance News) - Henderson High Income Trust PLC Tuesday said its net asset value total return outstripped its benchmark return in 2015.
The UK-based investment company said its net asset value total return grew by 7.6% in the year ended December 31, compared with its benchmark which rose 0.9%. The company's benchmark is a composite of 80% of the FTSE All-Share Index and 20% of the Merrill Lynch Sterling Non Gilts Index.
Henderson High Income Trust said its net asset value as at December 31 was 171.47 pence, compared with 173.57 pence at the end of 2014.
It hiked its dividend to 8.90 pence per share for the year, up from 8.60p for 2014.
It said its shares during the period "traded at a premium to their net asset value for most of the year" and at the end of the year, the share price was on a 1.7% premium.
"Fears over the impact on global economic growth from slowing Chinese and emerging market economies are causing equity market weakness. However, in developed markets, economies continue to recover; unemployment is falling and the outlook for the consumer is robust with low interest rates and inflation. We continue to believe that a low to modest economic growth environment will persist," the trust said in a statement.
Shares in the trust closed up 0.9% at 169.57 pence on Tuesday.
By Hannah Boland; hannahboland@alliancenews.com; @Hannaheboland
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Henderson High Income Trust (HHI)