Edison issues review on Henderson Far East Income

RNS Number : 5793Y

Henderson Far East Income Limited

22 August 2018

 

London, UK, 22 August 2018

Edison issues review on Henderson Far East Income (HFEL)

Henderson Far East Income (HFEL) is a pan-Asian investment company with a focus on achieving a high and growing income as well as capital growth. While the emphasis on income will naturally lead the management team to focus on some older-economy sectors where there is a long history of rewarding investors with dividends, lead manager Mike Kerley reports that an increasing number of high-growth technology stocks in Asia are now generating healthy cash payouts. However, the manager retains a tilt towards value areas, in line with HFEL's focus on buying into companies where the current share price does not reflect the underlying business value. The fund has consistently paid a higher dividend than its income-focused peers, supported by an option-writing strategy to generate additional premium income, and currently yields 5.9%.

At 21 August 2018, HFEL's shares traded at a 0.7% premium to cum-income net asset value. The fund has traded close to NAV since launch, with average premiums of 1.5%, 0.3%, 0.7% and 0.9% over one, three, five and 10 years, respectively. HFEL's very high yield (currently 5.9% and consistently the highest in its sector) has helped to underpin demand, with regular share issuance helping to limit the premium.

Click here to view the full report.

All reports published by Edison are available to download free of charge from its website

www.edisoninvestmentresearch.com

About Edison: Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world-renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisers and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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:

Sarah Godfrey, [phone]

Mel Jenner, [phone]

[e-mail]

Learn more at www.edisongroup.com and connect with Edison on: 

LinkedIn        https://www.linkedin.com/company/edison-investment-research 

Twitter           www.twitter.com/Edison_Inv_Res 

YouTube       www.youtube.com/edisonitv 

 

END

 

 

NRAEAEPAALDPEFF