HFL - Results for the half-year ended 28 February 2022

Thursday 28th April 2022

The Company has published its unaudited results for the half year ended 28 February 2022. See the attached pdf for the details.

Performance for the six months to 28 February 2022 was mixed, with NAV total return performance negative 0.1%, which was markedly better than the FTSE World Asia Pacific ex Japan Index of negative 6.3%, but behind the MSCI AC Asia Pacific ex Japan High Dividend Yield Index of 3.1%. This reflected the rotation from growth to value, alongside the portfolio’s increased allocation to the financials, materials and energy sectors. The underperformance of the high yield index was predominantly down to the oversized weighting of BHP following the consolidation of the UK stock line into the Australian listing.

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