Type: Investment trust

Henderson Far East Income Limited - Edison Report 2016

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1 year ago

​We would like to draw your attention to the following commissioned research piece. The research gives general insight into the background of the Investment Trust, and the investment strategy with which it is run. In addition to this it outlines the Trust’s objectives and provides updates from the Fund Manager, as well as recent performance data. 

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UK Equity Income & Growth: dividend growth to drive returns in 2017

James Henderson and Laura Foll, Co-Managers of the Henderson UK Equity Income & Growth Fund, discuss what they believe is in store for investors in 2017.

 
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The changing face of stewardship over the past two decades

by James Henderson

1 year ago
Issues of corporate governance have come to the fore in recent years: the media have repeatedly chastised excessive board-level pay with front-page ferocity. Here James Henderson discusses how over the past two decades fund manager attitudes towards stewardship have been changing, and describes the much more active role they are taking today.
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Share Radio - Don't overlook small investment trusts

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1 year ago

​This week's edition of The Investment Trust Show explores the pros and cons of small investment trusts. Joining the panel is Sarah Godfrey, Analyst at Edison Investment Research, and John Newlands, Head of Investment Companies Research at Brewin Dolphin.

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October Commentary: City of London

by Job Curtis

1 year ago

​​For the ninth month running, UK equities delivered a positive return, of 0.6% as measured by the FTSE All Share Index. The FTSE 100 Index of large companies returned 1.0% outperforming the more domestically focussed FTSE Mid 250 Index which produced a negative return of 1.7%. Sterling fell by 6.0% against the US dollar and 3.6% against the Euro with the Prime Minister’s speech at the Conservative Party Conference making a “hard Brexit” more likely.

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October Commentary: Lowland Investment Company

​​UK equities rose during October, with the FTSE All-Share rising 0.6% on a total return basis. Performance was led by the FTSE 100, which rose 1.0% as a further fall in sterling boosted largely internationally derived earnings. In contrast the more domestically exposed FTSE 250 and FTSE Small-Cap indices performed poorly, as sterling weakness is likely to put upward pressure on inflation and downward pressure on real wages in the UK. In this context Lowland, which is a blend of large, medium and small companies, underperformed the FTSE All-Share and the net asset value remained approximately flat on a total return basis.

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The Telegraph discusses Henderson Smaller Companies Trust

by Neil Hermon

1 year ago
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Share Radio - How to Choose an Investment Trust

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1 year ago
This week, Share Radio's Ed Bowsher is joined by Emma Bird from the Investment Trust research team at Winterflood, alongside Jemma Jackson, PR Manager at the Association of Investment Companies, and Jim Harrison, Director at Master Advisor. They tackle the issue of how you actually choose between and buy an investment trust.
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Share Radio: Contrarian Investing

by James Henderson

1 year ago

​The panel of The Investment Trust Show discuss Contrarian Investing as an investment style. Joining Ed Bowsher in the studio is James Henderson, Fund Manager of Henderson Opportunities Trust and Lowland Investment Company.

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September Commentary: City of London

by Job Curtis

1 year ago

For the eighth month running, the UK equity market, as measured by the FTSE All Share Index, delivered a positive return, which was 1.7% in September. The FTSE 100 Index of large companies returned 1.8%, outperforming the more domestically focussed FTSE Mid 250 Index which returned 1.2%. The oil & gas sector was a notable outperformer after a meeting of OPEC countries signalled greater pricing discipline among the cartel’s members with Saudi Arabia offering to restrict production. Although City of London has Royal Dutch Shell as its second largest holding and BP as its sixth largest, the portfolio is below the average for the Index in the oil sector. Rising commodity prices helped the mining sector where many companies have cut their dividends and City of London is under represented but holds BHP Billiton and Rio Tinto.

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Lowland: Industrial Strength

Laura Foll and James Henderson justify their biggest relative overweight in industrial sector companies.

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September Commentary: Lowland Investment Company

​​UK equities rose during September, with the FTSE All-Share rising 1.7% on a total return basis.  Within this the best performers in the index were predominantly mining companies such as Anglo American and Glencore, as commodity prices including coking coal recovered. In this context the Trust underperformed, rising 1.3% on a total return basis, as we currently hold little in the mining sector. While we added to the sector towards the end of 2015 (which worked well), in hindsight we sold the positions in companies such as Glencore too early as we felt that market expectations (in areas such as the speed at which they would achieve asset sales) had risen too far, too fast.

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Calling all investors: smaller companies for structural growth!

by Neil Hermon

1 year ago

Neil Hermon and Indriatti van Hien discuss their investments in companies where 'structural' growth drivers underpin top-line revenues, enabling the businesses to grow regardless of the wider economy's health. 

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Questioning the Manager: Henderson Far East Income Ltd

by Michael Kerley

1 year ago

​Mike discusses the shift towards income yielding equities, high debt in China, why he's avoiding Japan, and why the trust is trading at a premium, post-Brexit.  

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​​​Can companies create their own growth in Europe?

by Tim Stevenson

1 year ago

​Are European companies still finding ways to thrive in today’s low growth world? In this article, European equities manager Tim Stevenson looks at how companies in the region are creating their own growth, despite the now-familiar backdrop of political and economic uncertainty.


Tim covers:
• Brexit and further political uncertainty
• The evolution of growth
• Expanding operations and M&A
• The interest rate conundrum

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Share Radio: Round Table with the Experts

by James de Sausmarez

1 year ago

This week The Investment Trust Show features an investment trust round table with three experts in investing and investment trusts.

Joining Ed Bowsher on the panel is James de Sausmarez, Director and Head of Investment Trusts at Henderson Global Investors, David Harris, Chief Executive Officer at InvaTrust and Gavin Lumsden Editor Citywire Money.

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August Commentary: Lowland Investment Company

by James Henderson

1 year ago

August was a good month for the Trust, its net asset value (on a total return basis) rose 4% relative to a 1.9% rise in the FTSE All-Share. In an environment in which economic data generally proved more resilient than expected (for example consumer confidence and retail sales), it was the significant weighting in cyclical sectors such as industrials which drove this outperformance.

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Questioning the Manager: James Henderson

by James Henderson

1 year ago

​James discusses the UK markets post-Brexit, how his stocks have fared in light of this, the effect of falling interest rates on income-yielding equities, and where he is finding opportunities.

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Share Radio: Fixed Income & Investing in Bonds

by John Pattullo

1 year ago

This week the panel of The Investment Trust Show are looking at fixed income or investing in various forms of bonds. That's an important topic when bond prices are at record highs.

Joining Ed Bowsher in studio are Alan Borrows. Senior Investment Manager at Seneca Investment Managers & John Pattullo who is the Co-Head of Strategic Fixed Income at Henderson & Henderson Alternative Strategies Trust.

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