Henderson Opportunities Trust plc: Half-Year Results 2023
Portfolio Manager, James Henderson discusses the half-year results for the Henderson Opportunities Trust and highlights some of the interesting stocks in the portfolio.
7 minute watch
- The Net Asset Value total return was 6.3% over the six months while the FTSE All-Share Index (the “Index”) benchmark returned 12.5%. The Index returns were substantially driven by large companies while small companies, and AIM stocks in particular, generally lagged the Index advance.
- The Company has a greater exposure to the AIM market than the Index. While this small company exposure has over time added value, during periods when there is lower investor confidence, smaller companies’ share prices tend to be weaker than those of large global stocks.
- Companies such as ZOO Digital and Boku are growing rapidly and becoming the established global player in their activities.
|Discrete year performance (%)||Share Price (total return)||NAV (total return)|
|31/03/2022 to 31/03/2023||-16.7||-17.8|
|31/03/2021 to 31/03/2022||-5.1||1.8|
|31/03/2020 to 31/03/2021||121.9||91.6|
|31/03/2019 to 31/03/2020||-32.2||-28.0|
|31/03/2018 to 31/03/2019||1.3||-0.1|
Source: Morningstar as at 31/03/2023. All performance, cumulative growth and annual growth data is sourced from Morningstar. Past performance does not predict future returns.
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Please read the following important information regarding funds related to this article.
- If a Company's portfolio is concentrated towards a particular country or geographical region, the investment carries greater risk than a portfolio that is diversified across more countries.
- Some of the investments in this portfolio are in smaller company shares. They may be more difficult to buy and sell, and their share prices may fluctuate more than those of larger companies.
- This Company is suitable to be used as one component of several within a diversified investment portfolio. Investors should consider carefully the proportion of their portfolio invested in this Company.
- Active management techniques that have worked well in normal market conditions could prove ineffective or negative for performance at other times.
- The Company could lose money if a counterparty with which it trades becomes unwilling or unable to meet its obligations to the Company.
- Shares can lose value rapidly, and typically involve higher risks than bonds or money market instruments. The value of your investment may fall as a result.
- The return on your investment is directly related to the prevailing market price of the Company's shares, which will trade at a varying discount (or premium) relative to the value of the underlying assets of the Company. As a result, losses (or gains) may be higher or lower than those of the Company's assets.
- The Company may use gearing (borrowing to invest) as part of its investment strategy. If the Company utilises its ability to gear, the profits and losses incurred by the Company can be greater than those of a Company that does not use gearing.