Diversity is the key to weathering market volatility
Ben Lofthouse, Portfolio Manager of Henderson International Income Trust, provides an update on the Trust -covering performance over the last financial year, dividend trends playing out in 2022, and why diversification is essential to navigating complex market environments. Ben also touches on the changes made to the Trust.
30 May 2022
Key takeaways:
- In this complex environment, the Henderson International Income Trust’s diversified portfolio has helped smooth over some of the market turbulence stemming from the war in Ukraine, Covid-19, and higher inflation.
- Exposure to the energy sector was increased last year, and it has been the strongest positive contributor to performance. However, holdings within the consumer discretionary sector lagged amid expectations that higher input costs might impact the consumer.
- The Trust’s benchmark has been changed to the MSCI ACWI (ex UK) High Dividend Yield Index from the MSCI World (ex UK) Index to better reflect the objectives. The fee will also be reduced to a single rate of 0.575% – effective September 2022.
Diversity
Volatility
30 May 2022
Key takeaways:
- In this complex environment, the Henderson International Income Trust’s diversified portfolio has helped smooth over some of the market turbulence stemming from the war in Ukraine, Covid-19, and higher inflation.
- Exposure to the energy sector was increased last year, and it has been the strongest positive contributor to performance. However, holdings within the consumer discretionary sector lagged amid expectations that higher input costs might impact the consumer.
- The Trust’s benchmark has been changed to the MSCI ACWI (ex UK) High Dividend Yield Index from the MSCI World (ex UK) Index to better reflect the objectives. The fee will also be reduced to a single rate of 0.575% – effective September 2022.