The Henderson Far East Income investment trust sold out of seven positions between September and November, resulting in a net disinvestment of £3.5m.
The closed-end fund’s latest interim management statement revealed that it sold positions in QBE Insurance, Petrochina, Dongyue Group, HSBC, Coretronics Participation Notes, Yuanta Financial Participation Notes and Krung Thai Bank.
However, during the same period four new stocks were added including: Australia & New Zealand Banking Group, Crown, Wharf Holdings and Yuanta Financial.
“During the period three put options were sold in October and November, two put options expired in October and November and three put options were exercised in September and November, one where stock was taken up and two took cash”, the statement adds.
The investment trust also saw the share price’s 2.6% premium to net asset value (at August 31) turn into a discount of 0.9% at the end of November.
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