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Henderson Geared Income & Growth Trust sees losses

Henderson&#39s Geared Income & Growth Trust fell 9.2 per cent in the six months to the end of August.


Net asset value per income ordinary share fell by 15 per cent in the same period.


Henderson blames the poor performance on gearing which means that the shares suffer in a falling market.


But the quarterly dividend rate has been raised slightly from 1.7p to 1.8p per income ordinary share.


Portfolio manager Job Curtis says: &#34This has been a disappointing six months but it is relative to the current market conditions.&#34

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Investment risks

The value of an investment and any income from it can fall as well as rise and you may not get back the amount originally invested. Forecasts and past performance are not a guide to future performance. Some information and statistical data herein has been obtained from sources we believe to be reliable but in no way are warranted by us as to their accuracy or completeness. These are Neptune’s views and as such this document is deemed to be impartial research. We do not undertake to advise you of any change to our views.

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