Henderson Alternative Strat Tst PLC Edison reviews Henderson Alternative Strat Trst
August 18 2017 - 7:15AM
RNS Non-Regulatory
TIDMHAST
Henderson Alternative Strat Tst PLC
18 August 2017
London, UK, 18 August 2017
Edison issues review on Henderson Alternative Strategies Trust
(HAST)
Henderson Alternative Strategies Trust (HAST) has continued in
H217 to produce solid absolute returns from its portfolio of
specialist and alternative funds investing in areas such as private
equity, property, emerging markets and specialist credit. The
three-year process of rebuilding the trust's portfolio after its
move to Janus Henderson was concluded nearly a year ago, and the
managers are pleased with the progress made towards the informal
target annualised return of 8%, measured over a three-year period.
Share price returns over one year have kept pace with buoyant
equity markets but with lower volatility, and over the same period
HAST ranks third in its peer group for NAV total returns. The
improved performance and a narrower discount may provide support as
the trust approaches a three-yearly continuation vote in January
2018.
At 16 August 2017, HAST's shares traded at a 13.2% discount to
NAV. This is narrower than both short- and longer-term averages,
and follows a brief period when it had widened as the share price
lagged a rising NAV. The discount had previously narrowed quite
sharply to a three-year low of 11.2% in March as a result of strong
share price performance. With the trust now building a solid record
of NAV returns from its fully rebuilt portfolio, and with a
reasonable yield of 1.3% (2.2% including special dividend), there
should be scope for the discount to narrow further.
Click here to view the full report.
All reports published by Edison are available to download free
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For more information please contact Edison:
Sarah Godfrey, +44 (0)20 3681 2519
Gavin Wood, +44 (0) 20 3681 2503
Investmenttrusts@edisongroup.com
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