Henderson Far East Income Limited Analysis

Overview

Objective

The Company seeks to provide shareholders with a growing total annual dividend per share, as well as capital appreciation, from a diversified portfolio of investments from the Asia Pacific region.

Highlights

A portfolio of value orientated Asia Pacific equities with a focus on cash flow generation from companies with the ability to sustain and grow dividends.

Performance

The following information was extracted from Henderson Far East Income Limited's half year results, released 16 April 2025:

Performance

The NAV total return performance for the first six months of the Company’s financial year was 2.4%, 2.2% behind the FTSE World Asia Pacific ex Japan Index and 3.3% behind the MSCI AC Asia Pacific ex Japan High Dividend Yield Index. This is not unexpected given the Company’s bias toward yield in comparison to the former index which was boosted by the performance of Chinese technology companies, most of which have zero yield. The share price total return for the six months to 28 February 2025 was 3.2%.

It is gratifying to note that at 28 February 2025, the Company’s performance both in NAV and share price total return terms, was positive over one, three, five and ten years. It has been some time since this was the case and it demonstrates the Board and Fund Manager’s commitment to addressing the overall performance whilst maintaining the progressive dividend.

HIGHLIGHTS

• Net asset value total return 2.4%

• Share price total return 3.2%

• FTSE World Asia Pacific ex Japan Index 4.6%