StockMarketWire.com - Invesco Asia Trust's diluted net asset value per ordinary share, total return, rose by 30.2% in the six months to the end of October.

Its benchmark, the MSCI All Countries Asia Pacific ex-Japan Index adjusted for sterling, added 27.2%.

The company's share price increased from 94.5p to 122.75p, while the discount to net asset value at which the shares trade fell to 8.7%, from 8.8% at the beginning of the period.

Chairman David Hinde said: "The six months to the end of October 2009 contrasted sharply with the preceding period, as economies and equity markets across Asia staged a strong rebound.

"Asian authorities' success in halting the decline in economic growth and the subsequent improvements in activity proved the catalysts for risk appetite to return to financial markets.

"This was further supported by corporate earnings that were more resilient than expected, as companies' efforts to cut costs protected profits."


Story provided by Business Financial Newswire