Invesco Asia beats benchmark

17th Dec 2010 13:13

Invesco Asia Trust has significantly outperformed its Asian benchmark index with an increase in diluted net asset value of 7.7% in the six months to October 2010. The MSCI All Countries Asia Pacific ex Japan Index (GBP) is the benchmark for the trust. That increased by 2.7% in the period. Invesco Asia's net asset value was 166.9p a share at the end of October 2010Invesco Asia achieved a total return of 9.8% in the period, compared with 4.7% for the benchmark index. The recovery in the Asian markets continued in the period although there was volatility at times. Corporate profits are rising strongly. The increased weighting of the portfolio to industrial conglomerates, such as Hutchison Whampoa and Jardine Matheson, helped the trust to outperform. The property sector also helped to boost returns.