In this video, Laura Foll, co-manager of Henderson Opportunities Trust (HOT), provides an update on recent drivers of performance and how she and fellow manager James Henderson are positioning HOT’s portfolio for the next stage of the economic recovery.
Key points include:
• Why outperformance is now coming from many more areas of the portfolio than just the early-stage companies that drove returns in H220.
• How HOT’s investment approach feeds into a deliberately diverse UK portfolio across the market cap spectrum.
• Why ‘value’ is a concept that needs to be assessed in different ways for different companies.
• How strong performance from some technology companies has facilitated additions to banks and natural resources stocks in the portfolio.
HOT 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.