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Henderson Smaller Companies Fund undershoots benchmark in first half

By BFN News | 07:59 AM | Friday 18 January, 2019

Henderson smaller Companies Investments Trust said Friday first half net asset value total return undershot its benchmark return. For the half year ended 30 November 2018, net asset value total return of fell 15.0%, undershooting its benchmark return, which declined 10.1%. The share price total return fell 18.7%. The company blamed the poor performance on the continuing uncertain outlook on the prospects for global trade, saying the recent interest rate rises by the US Federal Reserve that had caused global markets to weaken in the last few months had spilled over into the UK hurting performance. The interim dividend was raised by 8.3% to 6.5p. Story provided by

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