Over the year that ended on 31 January 2015, Henderson Global Trust’s net asset value total return lagged its benchmark index by 3% – returning 14.5% as compared to 17.5% for the MSCI All Country World Index. The share price return was closer however, the return to shareholders was 17.3%. The report says the NAV performance was good enough to rank Henderson Global 12th of 34 peers. The dividend was maintained at 10p – they dipped into reserves a little in the previous period but this year the revenue shortfall was greater as earnings worked out at 8.32p.
There was no manager’s statement from Wouter Volckaert in the announcement so investors will have to wait for the annual report to find out more about what happened with the portfolio.
HGL : Henderson Global lags benchmark