Update research from QuotedData
Strategic Equity Capital
10th September 2021
Headed in the right direction
The UK market has been making somewhat of a comeback since the start of 2021, after years of uncertainty, volatility and being outright unloved. As we show on page 10, Henderson High Income (HHI) has been a beneficiary of the recovery in the UK's fortunes, outperforming its performance benchmark and putting its NAV ahead of comparable indices over all time periods. Investment manager David Smith is positive about UK equity markets going forward and believes there is plenty more upside to come in the form of economic recovery following the COVID-19 pandemic, merger and acquisition (M&A) activity and improving dividends. The trust currently offers an attractive dividend yield of 5.60%.
High income from a diverse UK equity income portfolio
HHI invests in a prudently diversified selection of both well-known and smaller companies to provide investors with a high income stream while also maintaining the prospect of capital growth. Gearing is used to enhance income returns, and also to achieve capital growth over time. A portion of gearing is usually invested in fixed interest securities, which helps dampen the overall volatility of the trust.
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