HET

Henderson European Trust plc

Overview

Henderson European Trust aims to build a portfolio of global champions listed in Europe. The fund managers seek out pioneering companies which are leaders in their field.

Investment Objective: The Company aims to maximise total return from a portfolio of stocks predominantly listed in Europe (excluding the UK).

Objective Income & Growth

Total Assets £673.86M

As of 31/10/2024

Share price 173.00p

As of 20/11/2024

Estimated NAV 192.79p

As of 20/11/2024

Discount / Premium -10.27%

As of 20/11/2024

Yield 2.50%

As of 20/11/2024

Merger of interests

On 4 July 2024, the combination of Henderson European Focus Trust plc and Henderson EuroTrust plc became effective.

The combined trust has changed its name to Henderson European Trust plc (HET).

Learn more

Another world of growth

Find out more about the unique investment opportunities available in Europe.

Dynamic and differentiated

See how we pool ideas to create a focused but flexible stock portfolio.

Global champions

Learn how we seek out the global leaders that happen to be based in Europe.

Marketing Communication. Past performance does not predict future returns. The value of an investment and the income from it may go down as well as up and you may lose the amount originally invested. Past performance can be viewed here.

Awards and ratings

European Equity – Active

Henderson European Trust plc has won the ‘European Equity – Active’ category for 2023 in AJ Bell’s Investment Awards.

View methodology. Source: AJ Bell voting, 22/09/2023.
Past performance does not predict future returns.

Kepler Growth Rating 2024

Henderson European Trust plc has been awarded the Kepler Growth Rating for 2024.

View methodology. Source: Morningstar, Kepler calculations, 01/01/2023 – 31/12/2023.
Past performance does not predict future returns.

Europe’s best and brightest

The trust seeks leading European businesses from across the continent and reflecting a variety of sectors.

See the full breakdown on the Portfolio page

Read the latest research

Kepler Trust Intelligence has created detailed research around the trust, including examining its portfolio and process.

Read the full analysis to find out more

Latest Annual Report

Latest Factsheet

The value of the trusts and the income from them is not guaranteed and may fall as well as rise. You may get back less than you originally invested.
Past performance does not predict future returns.
Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.

If a Company's portfolio is concentrated towards a particular country or geographical region, the investment carries greater risk than a portfolio that is diversified across more countries.
The Company may have a particularly concentrated portfolio (low number of holdings) relative to its investment universe - an adverse event impacting only a small number of holdings can create significant volatility or losses for the Company.
Where the Company invests in assets that are denominated in currencies other than the base currency, the currency exchange rate movements may cause the value of investments to fall as well as rise.
This Company is suitable to be used as one component of several within a diversified investment portfolio. Investors should consider carefully the proportion of their portfolio invested in this Company.
Active management techniques that have worked well in normal market conditions could prove ineffective or negative for performance at other times.
The Company could lose money if a counterparty with which it trades becomes unwilling or unable to meet its obligations to the Company.
Shares can lose value rapidly, and typically involve higher risks than bonds or money market instruments. The value of your investment may fall as a result.
The return on your investment is directly related to the prevailing market price of the Company's shares, which will trade at a varying discount (or premium) relative to the value of the underlying assets of the Company. As a result, losses (or gains) may be higher or lower than those of the Company's assets.
The Company may use gearing (borrowing to invest) as part of its investment strategy. If the Company utilises its ability to gear, the profits and losses incurred by the Company can be greater than those of a Company that does not use gearing.

The Company confirms that it currently conducts its affairs so that its ordinary shares of 5p each can be recommended by IFAs to ordinary retail investors in accordance with the Financial Conduct Authority’s (FCA) rules in relation to non-mainstream investment products and intends to continue to do so for the foreseeable future.
The shares are excluded from the FCA’s restrictions which apply to non-mainstream investment products because they are shares in an investment trust.
For detailed product information including the risks associated with investing please read the relevant Prospectus or Annual Report. Please refer to the AIFMD Disclosure document and Annual Report of the AIF before making any final investment decisions.
The Company underwent a 10 for 1 stock split on 7 February 2022; comparative NAV, share price and dividend figures have, where possible, been adjusted to reflect this, but historic dividends and earnings per share up to 7 February 2022 may reflect the previous position, unless otherwise stated.
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Overview

Statistics

Merger of interests

Another world of growth

Dynamic and differentiated

Global champions

Awards and ratings

European Equity – Active

Kepler Growth Rating 2024

Europe’s best and brightest

Read the latest research

Latest Annual Report

Latest Factsheet

Insights

How big tech became a big friend to European investors

Henderson European Trust – Kepler Webinar ‘global equities in a year of change’

ECB interest rate cut ushers in a new era for European stock pickers