Henderson Opportunities (HOT) said its allocation into the Alternative Investment Market (AIM) has remained a “detractor” from the trust’s performance.
According to managers James Henderson and Laura Foll, AIM's underperformance versus the FTSE All-Share over a three-year period "by a staggering 55%" dragged its performance down. "The material underperformance of the AIM market has come about for a number of reasons including fund managers' increasing desire for liquidity, weak sentiment resulting in outflows from UK equities and, increasingly ahead of the Budget in October 2024, concern about the future of inheritance tax relief on AIM shares," the pair explained. Henderson Opportunities trust sets out reconstruction and wind-up pla...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
