Henderson Eurotrust PLC Performance is getting back on track
27 Juillet 2023 - 8:15AM
RNS Non-Regulatory
TIDMHNE
Henderson Eurotrust PLC
27 July 2023
London, UK, 27 July 2023
Henderson EuroTrust (HNE): Performance is getting back on
track.
Henderson EuroTrust's (HNE's) performance is getting back on
track as investors have become more focused on company fundamentals
rather than macroeconomic factors, and investors' strong preference
for value stocks (translating into style headwinds for HNE between
Q121 and Q222) has waned recently. The manager (Jamie Ross) is
building on HNE's NAV 10-year record of outperformance versus the
Europe ex-UK market (10.5% pa versus 9.1% pa respectively), based
on a concentrated portfolio of high-quality growth stocks. European
equities are very attractively valued and, coupled with the trust's
double-digit discount, this should make HNE worthy of
consideration.
There is scope for the trust to be afforded a higher valuation
now its performance is improving, or if investors become less
risk-averse. HNE has one of the widest discounts in its sector
despite its performance being above average over the last one, five
and 10 years.
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