Henderson Eurotrust grows NAV by 10%

23rd Mar 2010 17:58

Henderson Eurotrust increased its net asset value by nearly 10% to 534.1p a share in the six months to January 2010. This has prompted the board to increase the interim dividend from 3p a share to 4p a share. Most of the investments are quoted in Euros so this could harm the net asset value in the future. The main risk, though, is the rate of recovery of the European economies. Henderson continues to focus on reliable business but it is also increasing exposure to companies that are poised for a cyclical upturn.