Henderson Global Trust reports on initiation research from QuotedData
Its more moderate size hasn't inflated overall costs. HGL, which pays quarterly dividends, offers one of the highest yields in its peer group, whilst trading at a discount approaching 10%. An improvement in relative and absolute performance, which could come from running with lower cash balances, a higher allocation to the US and / or additional returns generated by identifying underappreciated change (see page 4), could help support a narrower discount.
Henderson Global Trust seeks to provide long-term capital growth from a concentrated portfolio of international equities (primarily medium and large cap) with a secondary objective to increase dividends over the longer term. The portfolio typically comprises between 50 and 80 stocks with 80% ordinarily invested in the top 30 to 40 holdings. HGL can borrow money with a view to enhancing returns although it is expected that this will be used conservatively.
http://quoteddata.com/2015/12/henderson-global-trust-searching-for-change/
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NB: this note has been prepared for Henderson Global Trust by Marten & Co and is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Please read the important information at the back of this note. QuotedData is a trading name of Marten & Co Limited which is authorised and regulated by the FCA. Marten & Co is not permitted to provide investment advice to individual investors.
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