Look to Asia for yield
Janus Henderson Investors managers were in New Zealand last week talking about three UK-listed investment trusts they manage. These include City of London, Bankers Investment Trust and the Henderson Far East Income, all of them are dual listed on the NZX.
Janus Henderson Director of Pan Asian Equities, Mike Kerley, said in the past the fund has struggled to sell itself as a viable income option in portfolios, but a numberof key trends change that position
Part of the problem in Asia is that there had been very little earnings growth for six years up to 2016. That has changed and consensus earnings forecasts show there is likely to be a significant pick up in this area.
"The reasons for owning Asia for growth are back," he says.
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