Expert thinking for better investment and business decisions.
Consumers have taken a battering in recent years, first from Covid-19 and more recently from the rising cost of living, but since then UK leisure and hospitality spending has bounced back from pandemic lows. For investors in Henderson Smaller Companies Investment Trust, it’s a reason to raise a glass.
In this AGM Presentation, Neil Hermon, Portfolio Manager of the Henderson Smaller Companies Investment Trust plc, discusses performance over the last financial year, how he has been navigating widespread volatility and where he is finding opportunistic value in a challenging market.
Portfolio Manager, Neil Hermon, discusses the full-year results for The Henderson Smaller Companies Investment Trust (HSL), including performance over the period and dividend outlook. Hermon also discusses the opportunities spotted in UK medium to small cap stocks over the period and his outlook for the UK market.
While economic uncertainty and jittery markets make for a challenging investment environment, for the discerning investor, they also create fantastic opportunities. Amid the turmoil, there are hidden gems, companies that are not only surviving but have become undervalued and are thriving. In such a market, stock picking is more important than ever.
Following a gloomy 2022, 2023 has brought tentative reasons for optimism on the global economy. In particular, softening inflation and hopes that the recession may not be as severe as expected. Smaller companies have often performed well during periods of improving economic sentiment. Following a challenging year, is now the time to reconsider small cap stocks?
“The UK market looks cheap under almost any measure compared to history and other international markets.”
Recently commissioned research from Edison highlights why now is the time to consider The Henderson Smaller Companies Investment Trust (HSL). This research explores the macro and micro economic factors currently affecting UK smaller-and-medium sized businesses, including elevated inflation, higher interest rates, and the ongoing war in Ukraine, and how portfolio manager Neil Hermon is navigating this challenging backdrop.
In this article, Neil Hermon, Portfolio Manager of the Henderson Smaller Companies Investment Trust, looks at why the case for UK smaller companies remains compelling despite the volatile market environment.
Neil Hermon, Portfolio Manager of The Henderson Smaller Companies Trust, delivers an update on the Company, highlighting factors currently impacting UK smaller companies, the key drivers of performance, and recent portfolio activity.
Neil Hermon, Portfolio Manager of The Henderson Smaller Companies Investment Trust talks about the performance of UK small caps year-to-date, areas where he is finding opportunities, risks to the UK market, and his approach to ESG.
Neil Hermon, Portfolio Manager of The Henderson Smaller Companies Investment Trust, provides an update on the Trust highlighting the key drivers of performance over the quarter, areas where he finding opportunities, and provides his outlook for UK stocks in the coming months.
