Overview
Over the year to the end of September 2014, Henderson European Focus Trust’s net asset value total return was 14.5% – well ahead of the return generated by its benchmark, the FTSE World Europe ex UK Index. Shareholders did even better, with a return of 19.3%. It even beat its peer group by a significant margin as the average fund returned 7.6%. The dividend rose by 10.1% to 23.45p.
The Chairman’s statement makes the point that while the macro (economic and political) picture in Europe is anything but rosy, individual companies are still doing well and so stock-picking, the job of John Bennett (pictured), is key to Henderson European Focus Trust’s success.
HEFT : Great year for Henderson European Focus