HNE

Henderson EuroTrust plc

Overview

Henderson EuroTrust looks to invest in quality European businesses, at attractive valuations and at the right time. Generally, this leads to investments in two types of company: compounders and improvers. In both cases, the manager believes that a company’s future revenue prospects are underappreciated by the market.

Investment Objective: The Company aims to achieve a superior total return from a portfolio of European (excluding the UK) investments where the quality of the business is deemed to be high or significantly improving.

Objective Capital Growth

Total Assets £380.56M

As of 31/05/2024

Share price 157.00p

As of 01/07/2024

Estimated NAV 174.00p

As of 01/07/2024

Discount / Premium -9.77%

As of 01/07/2024

Yield 2.42%

As of 01/07/2024

Proposed merger of interests

At the General Meeting held on 20 June 2024, shareholders approved the combination of the Company with Henderson European Focus Trust plc to form an enlarged, flagship European investment trust which will continue to be managed by the European equities team at Janus Henderson Investors. Shareholders will be asked to approve the members’ voluntary liquidation of the Company at a further General Meeting to be held on 4 July 2024 and, if approved, the combination will become effective on that date.

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A repeatable process

Discover the trust’s unique scoring model for its investments.

Quality over quantity

Find out why the trust looks at business models first and share prices second.

Consistency is key

See how the manager’s considered approach has led to comparatively low volatility over the last decade.

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

Kepler Growth Rating 2024

Henderson EuroTrust 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.

European vision

The company looks to find the best investments Europe has to offer. Learn more on our Portfolio page.

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Investing sustainably

We believe that good businesses build sustainability into their outlook. Learn about our approach to ESG investing in our ESG policy.

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Read the latest research

Edison has provided research on the Henderson EuroTrust. Read their full breakdown, including latest insights and more.

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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 0.5p 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 22 November 2021; comparative NAV, share price and dividend figures have, where possible, been adjusted to reflect this, but historic dividends and earnings per share up to 22 November 2021 may reflect the previous position, unless otherwise stated.
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Overview

Statistics

Proposed merger of interests

A repeatable process

Quality over quantity

Consistency is key

Awards and ratings

Kepler Growth Rating 2024

European vision

Investing sustainably

Read the latest research

Latest Annual Report

Latest Factsheet

Insights

Henderson EuroTrust plc: Half-Year Results

A new tune for 2024 – Henderson EuroTrust

Patience pays off with Novo Nordisk