In her presentation titled ‘UK equities – are we finally getting there?’, Laura discussed her current view on the UK market and explains why she believes the trust’s approach will reward patient investors.
Discrete performance table HOT:
| Discrete year performance (%) |
Share price (total return) |
NAV (total return) |
| 30/9/2023 to 30/9/2024 |
17.5 |
9.6 |
| 30/9/2022 to 30/9/2023 |
1.9 |
1.8 |
| 30/9/2021 to 30/9/2022 |
-29.5 |
-28.7 |
| 30/9/2020 to 30/9/2021 |
64.8 |
60.4 |
| 30/9/2019 to 30/9/2020 |
-1.9 |
-5.3 |
All performance, cumulative growth and annual growth data is sourced from Morningstar.
Source: at 30/09/24. © 2024 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance does not predict future returns.
Discrete performance table LWI:
| Discrete year performance (%) |
Share price (total return) |
NAV (total return) |
| 30/9/2023 to 30/9/2024 |
18.3 |
16.3 |
| 30/9/2022 to 30/9/2023 |
13.9 |
17.1 |
| 30/9/2021 to 30/9/2022 |
-16.4 |
-14.8 |
| 30/9/2020 to 30/9/2021 |
53.3 |
51.0 |
| 30/9/2019 to 30/9/2020 |
-24.6 |
-24.8 |
All performance, cumulative growth and annual growth data is sourced from Morningstar.
Source: at 30/09/24. © 2024 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance does not predict future returns.
Glossary
Balance sheet – A financial statement that summarises a company’s assets, liabilities and shareholders’ equity at a particular point in time. Each segment gives investors an idea as to what the company owns and owes, as well as the amount invested by shareholders. It is called a balance sheet because of the accounting equation: assets = liabilities + shareholders’ equity.
Cyclical stocks – Companies that sell discretionary consumer items (such as cars), or industries highly sensitive to changes in the economy (eg. mining).
Gearing – Gearing is a measure of a company’s debt relative to its equity, showing how far its operations are funded by lenders versus shareholders. Investment trusts: The effect of borrowing money for investment purposes (financial gearing). The amount a company can “gear” is the amount it can borrow in order to invest.
Growth stock – A growth stock is any share in a company that is anticipated to grow at a rate significantly above the average growth for the market. These stocks generally do not pay dividends. This is because the issuers of growth stocks are usually companies that want to reinvest any earnings they accrue in order to accelerate growth in the short term.
Magnificent 7 – The Magnificent Seven stocks are a group of high-performing and influential companies in the U.S. stock market: Alphabet, Amazon, Apple, Meta Platforms, Microsoft, NVIDIA, and Tesla.
Net asset value (NAV) – The total value of a fund’s (or company’s) assets less its liabilities.
Share buybacks – Where a company buys back their own shares from the market, thereby reducing the number of shares in circulation, with a consequent increase in the value of each remaining share. It increases the stake that existing shareholders have in the company, including the amount due from any future dividend payments. It typically signals the company’s optimism about the future and a possible undervaluation of the company’s equity.
Disclaimer:
There is no guarantee that past trends will continue, or forecasts will be realized. References made to individual securities do not constitute a recommendation to buy, sell or hold any security, investment strategy or market sector, and should not be assumed to be profitable. Janus Henderson Investors, its affiliated advisor, or its employees, may have a position in the securities mentioned.
Not for onward distribution. Before investing in an investment trust referred to in this document, you should satisfy yourself as to its suitability and the risks involved, you may wish to consult a financial adviser. This is a marketing communication. Not for distribution in European Union member countries. Please refer to the AIFMD Disclosure document and Annual Report of the AIF before making any final investment decisions. Past performance does not predict future returns. The value of an investment and the income from it can fall as well as rise and you may not get back the amount originally invested. Tax assumptions and reliefs depend upon an investor’s particular circumstances and may change if those circumstances or the law change. Nothing in this document is intended to or should be construed as advice. This document is not a recommendation to sell or purchase any investment. It does not form part of any contract for the sale or purchase of any investment. We may record telephone calls for our mutual protection, to improve customer service and for regulatory record keeping purposes.
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