Laura Foll, Co-Fund Manager of Henderson Opportunities Trust, explains why smaller UK companies have performed poorly compared to broader markets and how this has affected the Trusts performance. Laura also discusses the latest key buys and sells within the Trusts portfolio and why the Trust is well positioned to take full advantage of value opportunities amongst unloved and undervalued UK domestic companies.

Glossary
AIM: Alternative investments market

Net Asset Value (NAV): The total value of a fund’s assets less its liabilities.

Liquidity: The ability to buy or sell a particular security or asset in the market. Assets that can be easily traded in the market (without causing a major price move) are referred to as ‘liquid’.