David Smith, Fund Manager of Henderson High Income Trust, discusses the Trust’s recent performance, highlighting the key drivers of performance and areas where he is finding opportunities. David also touches on the outlook for global economies and income in the coming months.

Key Takeaways

  • Henderson High Income Trust has outperformed the benchmark over the first half of 2021, driven by the cyclicality of the portfolio - particularly within the industrials and financials
  • The continued vaccination rollout and reopening of economies globally; should lead to above trend growth and filter through to corporate earnings.
  • Outlook for income is becoming more positive, due to strong dividend growth within several sectors, especially the mining (higher commodity prices) and banking (dividend restrictions removed) sectors.

References made to individual securities should not constitute or form part of any offer or solicitation to issue, sell, subscribe or purchase the security. Janus Henderson Investors, one of its affiliated advisor, or its employees, may have a position mentioned in the securities mentioned in the report.