Is it for me?
Suits investors looking to invest in mainly FTSE Fledgling (excluding investment companies) Index, but also the smaller companies found on the Alternative Investment Market (AIM).
What does it do?
Henderson Fledgling Trust plc (the Company) seeks long-term growth in capital and dividends from investment predominantly in the constituents of the FTSE Fledgling (ex. Investment Companies) Index (the Fledgling Index).
Why invest?
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The Trust gives investors access to a part of the UK market that requires specialist knowledge and is significantly under researched.
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These factors give rise to potentially some of the most exciting growth opportunities available in the UK market.
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At least 65% of the portfolio passively tracks the FTSE Fledgling Index, with the balance actively managed. Up to 20% can be invested in AIM listed companies.
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Fledgling companies remain attractive due to lower relative valuation ratios, stronger balance sheets, and Directors demonstrating confidence in their own businesses through share purchases (Source: Annual Report, 2010).
What are the risks?
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Most of the investments in this portfolio are in smaller companies shares. They may be more difficult to buy and sell and their share price may fluctuate more than that of larger companies.
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If a fund is a specialist country-specific or geographic regional fund, the investment carries greater risk than a more internationally diversified portfolio. Full details of risks.