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London, UK, 4 August 2023
Edison issues review on Henderson Opportunities Trust (HOT)
Henderson Opportunities Trust seeks to identify the best investment opportunities across the breadth of the UK market. It has a strong bias towards smaller and early-stage companies with significant potential to grow into tomorrow's leading British businesses, and a value-driven style that invests in out-of-favour or under-researched companies. In the past two years, UK market performance has been driven by the largest companies, with a broad sell-off in smaller companies, especially those listed on AIM. Many smaller companies, with strong earnings growth potential, are now trading at very low valuations and the managers see exciting opportunities for a recovery.
In an unconstrained, all-market portfolio, faster-growing, smaller and early-stage stocks have added significant long-term value to the HOT portfolio. Many have been identified on the AIM market (c 50% of the portfolio) where carefully selected stocks such as Serica Energy and Blue Prism have contributed greatly. However, when investor confidence is lower, smaller company and growth stock prices tend to be weaker, especially compared with large global stocks. This has been the case in the past two years, generating significant under-performance against HOT's broad market benchmark.
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All reports published by Edison are available to download free of charge from its website
About Edison: Edison is a leading research and investor relations consultancy, connecting listed companies to the widest pool of global investors. By focusing on the volume and quality of investors reached - across institutions, family offices, wealth managers and retail investors - Edison can create and gauge intent to purchase, even in the darkest pools of capital, and then make introductions via non-deal roadshows, events or virtual meetings.
Having been the first company in-market 17 years ago, Edison has more than 100 employees and covers every economic sector. Headquartered in London, Edison also has offices in New York, Sydney and Wellington.
Edison is authorised and regulated by the Financial Conduct Authority.
Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.
For more information, please contact Edison:
Martyn King +44 (0)20 3077 5700 [email protected]
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