Key takeaways

  • Henderson EuroTrust has performed strongly over a three-, five- and ten-year basis. However, performance has been challenged recently as the market has rotated from “Covid-beneficiaries” to “re-opening beneficiaries”.
  • Following a higher than usual portfolio turnover in 2020, the Trust’s trading activity has returned to more normal levels in 2021 and reflects the lower volatility in equity markets.
  • China’s regulatory clampdown has negatively impacted the gaming sector. The new regulations mean that under-18s will only be allowed to play online games for three hours per week, as authorities expressed concern over gaming’s impact on society.
  • The increased level of activity within the initial public offering (IPO) and mergers and acquisitions (M&A) markets has provided Jamie with some investment opportunities.