Update research from QuotedData
Herald Investment Trust - Update research from QuotedData
12th January 2023
Efficiency savings
While Herald Investment Trust (HRI), like many other technology and growth-focused strategies, has been caught up in the grips of 2022's market selloff, the fundamentals of many of the companies in its portfolio have remained largely unscathed. In fact, HRI's management team believes that today's market represents an opportunity, as falling prices and earnings strength push valuations to attractive levels.
HRI's team also highlights that the trust's closed-ended structure enables it to capitalise on forced sellers as they emerge. To exploit both these opportunities, HRI has a large (about 11%) position in liquid assets. Though HRI's discount to net asset value (NAV) did widen substantially at the start of the year, it has narrowed since the recent US inflation figures, which raised hopes that an end to fiscal tightening (cutting government spending) was in sight.
Full research:
https://quoteddata.com/research/herald-investment-trust-efficiency-savings-qd/
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