John Bennett, Fund Manager for Henderson European Focus Trust, provides an update on the Trust’s recent performance – highlighting changes made to the portfolio and touches on the inflation conundrum.

Key Takeaways

  • The portfolio shifted from focusing on the “industrial V-shape” i.e. capex and recovery plays to “consumer re-opening plays
  • Inflation could be stickier than expected whilst the long end of the yield curve remains suppressed due to the accommodative stances of central banks
  • Idiosyncratic stock specific merits remain the key focus for John and ultimately drive the stock selection process

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