In this video, Laura Foll, Co-Portfolio Manager of Henderson Opportunities Trust, discusses the Trust’s recent performance highlighting the contribution from different ‘buckets’ to performance and areas where she is finding opportunities. Laura also touches on the Trust’s discount.
The Henderson Opportunities Trust has performed strongly over the last one, three, five and ten years. This solid performance can be attributed to the Trust’s exposure to a blend of UK smaller companies.
Laura is currently finding opportunities within the recovery, natural resources, and large companies’ buckets. This includes companies such as Marks & Spencer and Revolution Bars which have benefitted from the UK’s economic recovery.
The Trust’s discount has widened in recent months; however, this is not exclusive to the Trust and has been a sector wide trend due to outflows from the UK equity market. However, consistent outperformance should ultimately lead to a narrowing of the discount over time.
These are the views of the author at the time of publication and may differ from the views of other individuals/teams at Janus Henderson Investors. Any securities, funds, sectors and indices mentioned within this article do not constitute or form part of any offer or solicitation to buy or sell them.
Past performance is not a guide to future performance. The value of an investment and the income from it can fall as well as rise and you may not get back the amount originally invested.
The information in this article does not qualify as an investment recommendation.
Before investing in an investment trust referred to in this document, you should satisfy yourself as to its suitability and the risks involved, you may wish to consult a financial adviser.
If a trust's portfolio is concentrated towards a particular country or geographical region, the investment carries greater risk than a portfolio diversified across more countries.
Some of the investments in this portfolio are in smaller companies shares. They may be more difficult to buy and sell and their share price may fluctuate more than that of larger companies.
This trust is suitable to be used as one component in several in a diversified investment portfolio. Investors should consider carefully the proportion of their portfolio invested into this trust.
Active management techniques that have worked well in normal market conditions could prove ineffective or detrimental at other times.
The trust could lose money if a counterparty with which it trades becomes unwilling or unable to meet its obligations to the trust.
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 trust’s shares, which will trade at a varying discount (or premium) relative to the value of the underlying assets of the trust. As a result losses (or gains) may be higher or lower than those of the trust’s assets.
The trust may use gearing as part of its investment strategy. If the trust utilises its ability to gear, the profits and losses incured by the trust can be greater than those of a trust that does not use gearing.