Edison Investment Research Limited, JE00B1GXH751

Edison Investment Research Limited / JE00B1GXH751

12.11.2024 - 10:07:05

Edison issues report on Henderson Far East Income (HFEL)

Edison Investment Research Limited


12-Nov-2024 / 09:07 GMT/BST
The issuer is solely responsible for the content of this announcement.


  London, UK, 12 November 2024   Edison issues report on Henderson Far East Income (LSE: HFEL). Henderson Far East Income (HFEL) is an income-focused Asian investment trust, which aims to provide shareholders with growing total annual dividends and capital appreciation from a diverse portfolio of Asia-Pacific equities. As a result of efforts initiated this time last year to improve capital growth, the manager has repositioned the portfolio towards structural growth opportunities, while still protecting income. These changes are already enhancing performance. In the year to 31 October 2024, HFEL returned 17.4% on an NAV basis, a marked turnaround from the declines of the previous two years. The trust also delivered its 17th successive year of rising dividends in FY24. Thanks to strong portfolio revenues during FY24, this dividend was fully covered and HFEL’s revenue reserve reached an all-time high. The manager is positive about the portfolio’s revenue prospects, as Asian dividend payouts look set to continue rising for years, thanks to corporate reforms, especially in South Korea and China. The portfolio is positioned to benefit accordingly. The manager is also confident that the portfolio’s exposure to structural growth will keep supporting performance over 2025 and beyond. Click here to read the full report. All reports published by Edison are available to download free of charge from its website www.edisongroup.com Edison is authorised and regulated by the Financial Conduct Authority. Edison is not an adviser or broker-dealer and does not provide investment advice. Edison’s reports are not solicitations to buy or sell any securities. For more information, please contact Edison: enquiries@edisongroup.com Connect with Edison on:   LinkedIn www.linkedin.com/company/edison-group-/ X  www.x.com/edison_inv_res YouTube www.youtube.com/edisonitv


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