Neil Hermon, Fund Manager of the Henderson Smaller Companies Investment Trust, discusses the Trust’s recent performance, highlighting the key drivers of performance, his growth at a reasonable price investment approach (GARP), challenges in the UK market, and the Trust’s approach to ESG.

Key Takeaways

  • The Henderson Smaller Companies Investment Trust has outperformed in 17 of the last 19 financial years and performance over the last one, three, five and ten-years has been impressive
  • A positive vaccine rollout, the reopening of the economy and reduced Brexit uncertainty have been the positive drivers of UK stock market performance
  • The Trust actively engages with companies within the portfolio to ensure they are making progress in improving their Environmental, Social and Governance (ESG) credentials
  • The spread of the new Covid-19 delta variant and rising inflation within raw materials, metals and logistics costs pose a challenge to the market in the short to medium term