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Companies will face 2023 from a position of strength
Ben Lofthouse, Portfolio Manager of Henderson International Income Trust, discusses the latest results, the key drivers of performance, and the factors currently impacting global markets, including volatility in China and the ongoing war in Ukraine. Ben also highlights the importance of a globally diversified portfolio in a volatile market environment.
21 Dec 2022
7 minute watch
7 minute watch
Key takeaways:
- The Henderson International Income Trust outperformed its benchmark over the financial year, and the dividend was raised to 7.25p per ordinary share, an increase of 15% from the previous year. The revenue return increased by 23% year-on-year.
- Performance was primarily driven by energy stocks (Woodside, Aker BP and TotalEnergies) which benefitted from higher oil prices. Defensive sectors such as health care and consumer staples also performed well. However, consumer discretionary and industrial companies, especially those exposed to China, negatively impacted performance.
- To better represent the objectives of the Company, the benchmark was changed to the MSCI ACWI (ex UK) High Dividend Yield Index, and the performance fee was reduced to 0.575% per annum with effect from 1st September 2022.
Related insights
21 Dec 2022
7 minute watch
7 minute watch
Key takeaways:
- The Henderson International Income Trust outperformed its benchmark over the financial year, and the dividend was raised to 7.25p per ordinary share, an increase of 15% from the previous year. The revenue return increased by 23% year-on-year.
- Performance was primarily driven by energy stocks (Woodside, Aker BP and TotalEnergies) which benefitted from higher oil prices. Defensive sectors such as health care and consumer staples also performed well. However, consumer discretionary and industrial companies, especially those exposed to China, negatively impacted performance.
- To better represent the objectives of the Company, the benchmark was changed to the MSCI ACWI (ex UK) High Dividend Yield Index, and the performance fee was reduced to 0.575% per annum with effect from 1st September 2022.