Investment trusts

Henderson’s oldest business

We have been managing investment trusts since 1934 – almost 80 years. Today you can benefit from:

  • Extensive knowledge and experience in successfully managing investment trusts over the long term
  • A well-established range covering different geographies and asset classes
  • Investment trusts aiming for income, capital growth, or a combination of both
  • A range of share dealing partners to make investing simple
Introduction

Managing investment trusts since 1934

For 80 years Henderson Global Investors has been in the business of managing money invested in investment trusts. Today we look after 14 different investment trusts and investment companies with assets valued at over £5bn (Source: Association of Investment Companies, 31 Dec 2013). We invest in wide range of countries, sectors and assets to provide investors with choice, diversity and opportunity.

The value of an investment, including the income from it, can fall as well as rise. You might not get back all you invest.

What is an investment trust?
  • An investment trust is a company listed on a stock exchange that buys the shares or assets of other companies with the aim of making a return for investors
  • Each trust has a formal objective setting out its aims
  • Investment trusts are run by independent Board of Directors who appoint a fund manager to make investment decisions.
  • Shares in investment trusts can be bought easily though a share dealing service, a stockbroker and some Independent Financial Advisers.
Why use investment trusts?

Investment trusts can:

  • Be used to help meet a specific investment objective, for example capital growth or regular income
  • Diversify an existing portfolio by, for instance, investing in companies outside the UK
  • Form the basis of a long term investment plan, for example for retirement or paying off a mortgage
Benefits of investment trusts

Investment trusts can:

  • Spread risk by investing in diverse portfolios across countries and sectors
  • Use borrowing to enhance returns for investors in a rising market
  • Retain income in a 'revenue reserve' to support dividend payments in lean years
  • Investment trusts are run by independent Board who oversee the investment manager
Risks
  • The value of investments can fall as well as rise. You may not get back your investment.
  • Income from investment trusts is not guaranteed.
  • Investment trusts can use borrowing to enhance returns, but this can magnify losses in a falling market.
  • Past performance of an investment trust is not a guarantee or indicator of future performance.

Investment trusts

ISIN: JE00B1Y1NS49
Ordinary Shares
Currency
GBX
Price
90.75
NAV
88.90
Discount/premium
1.75%
Yield
5.51%
Price date
16/04/2014
ISIN: GB0005268858
Ordinary shares
Currency
GBX
Price
947.50
NAV
940.80
Discount/premium
-0.05%
Yield
2.25%
Price date
16/04/2014
ISIN: GB0004199294
Ordinary shares
Currency
GBX
Price
811.00
NAV
816.00
Discount/premium
-1.70%
Yield
2.10%
Price date
16/04/2014
ISIN: JE00B1GXH751
Ordinary shares
Currency
GBX
Price
306.00
NAV
306.20
Discount/premium
0.20%
Yield
5.75%
Price date
16/04/2014
ISIN: GB0003184024
Ordinary shares
Currency
GBX
Price
347.00
NAV
394.80
Discount/premium
-12.62%
Yield
2.88%
Price date
16/04/2014
ISIN: GB0009580571
Ordinary shares
Currency
GBX
Price
171.00
NAV
164.60
Discount/premium
3.13%
Yield
4.97%
Price date
16/04/2014
ISIN: GB00B3PHCS86
Ordinary shares
Currency
GBX
Price
112.25
NAV
113.10
Discount/premium
-1.21%
Yield
3.74%
Price date
16/04/2014
ISIN: GB0008536574
Ordinary shares
Currency
GBX
Price
905.00
NAV
919.90
Discount/premium
-2.71%
Yield
1.16%
Price date
16/04/2014
ISIN: GB0001216000
Ordinary shares
Currency
GBX
Price
239.00
NAV
291.23
Discount/premium
-18.00%
Yield
0.63%
Price date
16/04/2014
ISIN: GB0005368062
Ordinary shares
Currency
GBX
Price
1,425.00
NAV
1,362.80
Discount/premium
3.39%
Yield
2.53%
Price date
16/04/2014
ISIN: GB0000767003
Ordinary shares
Currency
GBX
Price
557.50
NAV
559.80
Discount/premium
-1.26%
Yield
2.58%
Price date
16/04/2014
ISIN: GB0001990497
Ordinary shares
Currency
GBX
Price
372.70
NAV
364.70
Discount/premium
1.70%
Yield
3.96%
Price date
16/04/2014
ISIN: GB0009065060
Ordinary shares
Currency
GBX
Price
540.00
NAV
625.60
Discount/premium
-14.69%
Yield
1.76%
Price date
16/04/2014
ISIN: GB0009066928
Ordinary shares
Currency
GBX
Price
582.50
NAV
636.70
Discount/premium
-9.31%
Yield
1.03%
Price date
16/04/2014

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