Edison Investment Research - Henderson Opportunities Trust (HOT) Henderson Opportunities Trust - Enthusiastically esoteric UK equity portfolio

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Edison Investment Research

Pedro Fonseca

Henderson Opportunities Trust - Enthusiastically esoteric UK equity portfolio

Henderson Opportunities Trust (HOT) has performed strongly since experiencing sharp NAV and share price declines in the Q120 market sell-off, powering to the top of the AIC UK All Companies sector over the past 12 months with an NAV total return of c 40% in the second half of 2020. Managers James Henderson and Laura Foll say performance has benefited from holding a number of ‘next-generation leaders’ in the UK. The portfolio is esoteric in its make-up and seeks to avoid being overly exposed to trends in the global and domestic economy. The managers continue to see good value opportunities across the UK market, particularly on AIM, and say their intention to maintain gearing at a ‘decent’ level (c 10–15%) is indicative of feeling the portfolio and market offer good value.

14/01/2021 13 EN

Underlying

Henderson Opportunities Trust

Henderson Opportunities Trust is an investment trust company. Co. invests in a portfolio of 70 to 100 investments on an unconstrained basis across the whole range of market capitalisation. Co. has appointed Henderson Investment Funds Limited to act as its Alternative Investment Fund Manager.

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GB0008536574 London Stock Exchange United Kingdom

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Pedro Fonseca

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Edison issues update on Henderson Opportunities Trust (HOT): Patience is bitter but the fruit is sweet

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Henderson Opportunities Trust - Enthusiastically esoteric UK equity portfolio

Edison issues update on Henderson Opportunities Trust (HOT): Patience is bitter but the fruit is sweet

Henderson Opportunities Trust - Patience is bitter but the fruit is sweet

Henderson Opportunities Trust - Is a bird in the hand really worth two in the bush?

Biodexa Pharmaceuticals - In a period of transition

Norcros - Sale of Johnson Tiles UK agreed

Henderson Far East Income - Repositioning to raise total returns

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