Edison Investment Research Limited
London, UK, 6 July 2022
Henderson Smaller Companies Investment Trust (HSL): Initiation — A compelling option for UK small and mid-caps Henderson Smaller Companies Investment Trust (HSL) aims to maximise shareholders’ total returns by investing in UK mid- and smaller-cap companies. Macroeconomic and stylistic events have conspired to make this a challenging task over the past year, but HSL has strong fundamental pillars in place for long-term outperformance. It is managed by the experienced Neil Hermon together with his established team of Indriatti van Hien and Shivam Sedani at Janus Henderson Investors (JHI), who utilise a repeatable and effective investment process seeking to identify growth at the right price. Fees are structured so that in the event of underperformance, investors pay a commensurately low management fee.
HSL currently trades on a 17.2% discount to its cum-income fair value NAV. We believe that this unusually wide discount for HSL could represent an attractive entry point for investors or an opportunity to top up existing positions.
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1392131 06-Jul-2022