- Invesco Asia Trust's net asset value rose by 17.6% in the six months to the end of October on a total return basis. This compares with a 10.3% rise in its benchmark, the MSCI All Countries Asia Pacific ex Japan Index (total return), in sterling.

The company said: "The past six months have seen Asian equity markets deliver strong returns for investors as sentiment towards emerging markets has improved. Macroeconomic concerns have eased, while earnings growth expectations have been maintained, avoiding the downward revisions we have seen in recent years. Markets were hit by a period of volatility amid fears that US interest rates could rise sooner than previously anticipated, but share prices have since steadied while holding on to gains from earlier in the period.

"China's economy continues to decelerate, but is showing signs of stabilising at what are still relatively high levels of growth, although concerns remain over a slowdown in the property market. Against this background, it is pleasing to report that the company has delivered strong positive returns, comfortably outperforming the benchmark."

At 8:23am: [LON:IAT] Invesco Asia Trust Plc share price was -0.5p at 184p

Story provided by