Henderson Diversified Income Trust - Update research from QuotedData
21st July 2020
Favourable style and structure
Henderson Diversified Income (HDIV) is managed with a distinct investment style which favours businesses with sustainable cash flows. Some of the sectors that have been worst affected by the COVID-19 pandemic, such as airlines and energy, were therefore absent from the portfolio. The managers took advantage of HDIV's closed-end structure to make some opportunistic investments and increase gearing close to the bottom of markets. These transactions help lay the foundations for future outperformance and underpin HDIV's dividends at a time when equity dividends are under pressure. Given this, we believe that HDIV's discount looks odd and may present a buying opportunity.
Full research:
https://quoteddata.com/research/henderson-diversified-income-trust-favourable-style-structure-2/
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