Henderson Global has a new manager which means this quality yielder is on sale


#1

Henderson Global Trust has a new manager, following the 32 years reign of his predecessor. Change of manager is always a time of uncertainty but are i
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#2

He comes across as quite sensible, he is certainly saying all the right things and I like how he invests. Obviously these are his three best stock selections but his reasoning is superb.

I’m thinking of investing a small amount of my ISA, maybe £2,500 and seeing how he does.

I guess the argument against it is there are so many other trusts that he’s up against that have a track record and he doesn’t.

A strong argument for though is as Dice McCairn states the discount is already historically wide so that’s kind of like a bit of an insurance policy, you know, unless there’s a crisis or shocking performance it should do alright from here.

Anyone else invested here/? or have any views?


#3

@JKStowe Your last point about the discount is pretty valid in my view. There isn’t much to lose it’s just that there are a lot of other options to invest in the this region with great trusts from Aberdeen or First State.

You’re thinking of investing a small amount though, I’d agree that with the provisio in the article about an outside event affecting the stock market there is not much to lose here.


#4

The discount is compensating you for the extra risk of investing with a new manager. There’s no certainties in investing but this could be a classic opportunity to profit from a discount narrowing and if it doesn’t narrow it should at least perform in line with the market and hopefully beat it.

 

 


#5

I just bought a small holding of £3k. I have a few Henderson trusts and they’re all pretty good. I think this’ll do well too and I’ll probably add to it over the next year or two.

I think he’s an interesting manager and I’m willing to take a punt on him.


#6

He does say the right things but there again so do analysts and they’re always getting it wrong. It’s one to watch for me but I wouldn’t invest until I’ve seen at least a three year track record, not when there are plenty more options with good performance and a history to compare to.