Henderson Opportunities Trust


Market Cap£113m

Last Close 1427.5p

Henderson Opportunities Trust aims to achieve capital growth in excess of the broad UK stock market from a portfolio of UK investments. Stock selection is not constrained by the benchmark and there are no limits by sector or market capitalisation; therefore, the portfolio will differ materially from the index.

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Investment summary

Henderson Opportunities Trust (HOT) has performed particularly strongly over the past 12 months, leading to signs of a reappraisal among investors with the trust’s persistent double-digit discount to NAV narrowing almost to par. Managers James Henderson and Laura Foll have made the best of HOT’s flexible all-cap structure, reaping the benefits of strong performance from early-stage hydrogen plays in 2020 and rotating towards more cyclical names late in the year as the market focus switched to value. The managers see the trust as a ‘good mixer’, with its large exposure to small-cap and particularly AIM stocks meaning it offers significant differentiation both from its peers and the managers’ other portfolios. While focused on capital growth, HOT also offers a 1.9% dividend yield and has a 10-year record of dividend growth (supported by reserves in FY20).

Content on Henderson Opportunities Trust
Henderson Opportunities Trust – Feeling HOT HOT HOT?
Investment companies | Review | 24 June 2021
Henderson Opportunities Trust – fund manager update
Investment companies | Edison TV | 24 May 2021
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Share price graph
Price performance
Actual 0.5 1.1 62.4
Relative* (2.7) (3.5) 30.7
52-week high/low 1602.5p/868.0p
*% relative to local index
Key management
Melanie Stoner Company secretary

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