Over the six months to 31 January 2016 the Henderson EuroTrust’s Net Asset Value (“NAV”) total return fell by 1.9%. This compares with a return on the benchmark index, FTSE World Europe (ex UK) Index of -6.1%. The share price total return was down by 5.1%. An interim dividend of 6.0p, an increase of 0.5p on last year, will be paid on 29 April 2016.
The manager’s report says the reason for the outperformance has been resilient performance of reliable growth names such as Fresenius Medical Care, Partners Group and Sodexo, while banks such as Intesa and Credit Agricole have been weak.
HNE : Good first half for Henderson EuroTrust