Overview
Henderson Smaller Companies tries to maximise shareholder total returns by investing mainly in smaller companies in the United Kingdom. It makes the point that the revenue from these UK companies is derived from around the world. Henderson Smaller Companies’ investment approach is not constrained by any index and its portfolio is constructed on a bottom up, stock picking basis.
The fund’s website can be found here.
Fundamentals
Price
Research History
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20 Sep 2024 1 min read
QuotedData’s Weekly News Show Special: New government, new opportunities
On Friday’s show, James Carthew covered the week’s top stories and hosted a panel discussion between David Bird from Octopus Renewable Infrastructure Trust, Neil Hermon from Henderson Smaller Companies Trust, Georgina Brittain from JPMorgan UK Small Cap Growth & Income and Duncan Ball from BBGI Global Infrastructure. If you were looking for the first part […]
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14 Sep 2023 41 min read
QuotedData’s Economic and Political Monthly Roundup September 2023
Economic and Political Monthly Roundup Investment companies | Monthly | September 2023 August was a moderately volatile month for markets as the economic picture in China worsened. Developed markets held up better than emerging markets. Yields on US government debt rose. Oil prices edged up, but the big jump was in natural gas prices as […]
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06 Oct 2022 9 min read
QuotedData’s Investment Companies Roundup – October 2022
Investment Companies Monthly Roundup Kindly sponsored by Baillie Gifford and abrdn October 2022 Monthly | Investment companies Winners and losers in September 2022 September’s median total share price return was -6.4% (+0.4% in August). The median NAV return over September was -1.2%. See Appendix 1 for a breakdown of how all the sectors have […]
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09 Apr 2021 1 min read
Interview with Neil Hermon from Henderson Smaller Companies
In this week’s show, James Carthew talked to Neil Hermon from Henderson Smaller Companies. Watch it again here If you were looking for QuotedData’s roundup of the week’s news, this is now in the news section – just click here. If there is a guest speaker you’d particularly like to hear from, please email us – [email protected]. […]
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10 Sep 2020 6 min read
QuotedData’s Investment Companies Roundup – September 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents New research Performance data Discounts and premiums Money in and out Major news stories Events Guide Appendix – Performance by sector full list New research Here is a list of research we published over August: Aberdeen New Dawn – COVID positive “In […]
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07 Feb 2020 6 min read
QuotedData’s Economic Roundup – February 2020
Economic & Political Roundup Kindly sponsored by Polar Capital and Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you […]
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11 Sep 2019 3 min read
QuotedData’s economic roundup – September 2019
Economic & Political Roundup Kindly sponsored by Polar Capital and Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you […]
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08 May 2019 3 min read
QuotedData’s investment companies roundup – May 2019
Investment Companies Roundup New research Over April, we published notes on Henderson Diversified Income, Ecofin Global Utilities and Infrastructure, Jupiter Emerging and Frontier Income, Seneca Global Income & Growth and Polar Capital Global Financials Trust. You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – it was […]
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22 Feb 2019 1 min read
QuotedData’s economic roundup – February 2019
QuotedData’s economic roundup – February 2019 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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14 Sep 2018 2 min read
QuotedData’s Economic round up – September 2018
QuotedData’s Economic round up – September 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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1 min read
QuotedData’s investment companies roundup – September 2018
QuotedData’s investment companies roundup – September 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of August 2018. Kindly sponsored by Baillie Gifford. Money raised and returned in August GRIT Real Estate Income floated on the UK Stock Exchange in […]
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07 Feb 2018 1 min read
QuotedData’s economic round up – February 2018
QuotedData’s economic round up – February 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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14 Sep 2017 2 min read
QuotedData’s economic round up – September 2017
QuotedData’s economic round up – September 2017 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to […]
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14 Feb 2017 1 min read
QuotedData’s round up of views on the global economy – February 2017
QuotedData’s collation of recent insights on markets and economies taken from comments made by chairman and managers of investment companies. Kindly sponsored by Martin Currie. February Economic and Political Roundup
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08 Nov 2016 1 min read
QuotedData investment companies roundup – November 2016
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of October 2016. november-investment-companies-roundup-2
News
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01 Aug 2024 3 min read
Henderson Smaller Companies lags rising market
Henderson Smaller Companies has published results covering the 12 months ended 31 May 2024. Over the period, the trust generated a NAV return of 14.5%, trailing the benchmark by 3.7 percentage points but outperforming the sector average of 14.1%. The discount narrowed a little (from 13.2% to 11.5%) meaning that shareholders got a return of […]
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31 Jan 2024 1 min read
QuotedData’s morning briefing 31 January 2024 – HSL, RESI
In QuotedData’s morning briefing 31 January 2024: Henderson Smaller Companies Investment Trust (HSL) announced its results for the half year ended 30 November 2023. NAV total return fell by 7.7% during the six month period, while the benchmark Numis Smaller Companies ex-Investment Companies Index was almost flat, and the AIC UK Smaller Companies sector average […]
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03 Aug 2023 4 min read
Henderson Smallers becomes latest dividend hero but adverse growth sentiment weighs on returns
Henderson Smaller Companies has announced results for the 12 months ended 31 May 2023. This was a year of underperformance, as the NAV total return came in at -13.8% versus -6.5% for the company’s benchmark – the Numis Smaller Companies Index (excluding investment companies). The discount actually narrowed a little – from 14.6% to 13.2% […]
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04 Aug 2022 4 min read
Henderson Smaller Companies suffers in growth selloff
Henderson Smaller Companies has published results for the 12 month period ending 31 May 2022. The trust underperformed its benchmark over the year, delivering an NAV total return of -17.8% against -9.5% for the Numis Smaller Companies Index (ex Investment Companies). A widening of the discount left shareholders with a return of -27.0%. On the […]
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26 Jan 2022 2 min read
QuotedData’s morning briefing 26 January 2022
In QuotedData’s morning briefing 26 January 2022: Henderson Smaller Companies (HSL) has posted its interim results for the six months to 30 November 2021. During the period under review, the trust delivered a NAV total return of -2.1% and a share price return of -7.9%. This compares with a -2.8% return from its benchmark. Despite […]
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04 Aug 2021 3 min read
Another year of outperformance for Henderson Smaller Companies
Another year of outperformance for Henderson Smaller Companies – Henderson Smaller Companies (HSL) has posted its annual report for the year to 31 May 2021. During the year, it delivered a NAV total return of 58.5% and a share price total return of 69.3%, outperforming both its Numis Smaller Companies Index benchmark and the AIC […]
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27 Jan 2021 2 min read
QuotedData’s morning briefing 27 January 2021
In QuotedData’s morning briefing 27 January 2021 – Henderson Smaller Companies (HSL) delivered total NAV and share price returns of 20.6% and 27.7% over its six-months interim results period to 30 November 2020. HSL said that its NAV performance was 6.3% ahead of the average of our peers in the AIC UK smaller companies sector. 3i […]
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31 Jul 2020 6 min read
Henderson Smaller Companies significantly outperforms and maintains final dividend
Henderson Smaller Companies Investment Trust (HSL) has announced its annual results for the year ended 31 May 2020 during which it has significantly outperformed its benchmark (by 7.7%) and maintained its final dividend (leading to a 2.2% increase in the total dividend for the year to 23.5p). HSL also beat its UK smaller companies’ investment […]
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02 Aug 2019 2 min read
QuotedData’s other news 2 August 2019
In QuotedData’s other news 2 August 2019 Capital and Regional has provided a trading update for the first half of 2019, ahead of its half-year results, which will follow on 11 September. The company says that it is seeing continued evidence that its community strategy is working; strong leasing momentum with new lettings undertaken at […]
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6 min read
Neil Hermon’s Henderson Smaller Companies mildly underperforms
Henderson Smaller Companies (HSL), managed by Neil Hermon (pictured) has announced its annual results, for the year ended 31 May 2019, during which it mildly underperformed its benchmark. The chairman, Jame Cayzer-Colvin, highlights that this is just the second year of underperformance in the 16 years that Neil Herman as managed its portfolio. Specifically, HSL’s net assets […]
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06 Aug 2018 4 min read
Another great year for Henderson Smaller Companies
Another great year for Henderson Smaller Companies – Over the year to the end of May 2018, Henderson Smaller Companies says its share price has risen by 23.8%, and the net assets by 15.9%, substantially outperforming its benchmark, the Numis Smaller Companies Index (excluding investment companies), by 10.6% – the return on the index was 5.3%. The chairman points […]
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30 Jul 2018 1 min read
Lazard World Trust Fund reports decent year as it introduces 6% yield
Lazard World Trust Fund reports decent year as it introduces 6% yield – Lazard World Trust Fund says that, for the year ended March 31 2018, the total return on its net asset value was 20.9%, which compares favourably with its benchmark, the MSCI All Country World Index ex-U.S., which increased 16.5%. A revised dividend policy, effective for […]
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10 Aug 2017 4 min read
Henderson Smaller Companies beats benchmark despite resources underweight
Henderson Smaller Companies beats benchmark despite resources underweight – Henderson Smaller Companies has reported results for the year ended 31 May 2017. Over this period the share price has risen by 32.7%, and the net assets by 28.7%, outperforming the benchmark, the Numis Smaller Companies Index (excluding investment companies), by 4.8% on a total return basis. […]
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20 Jun 2017 1 min read
Investment Trust Insider on UK Small Cap
From an economic standpoint recent news in the UK has been worrying. House prices are falling and so are retail sales. Inflation has exceeded the Bank of England’s target and so the monetary policy committee is edging closer to raising interest rates. We have a hung parliament and we are just about to embark on […]
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07 Feb 2017 1 min read
All trust sectors bar one made money in ’16
UK Smaller Companies was the only investment sector to lose money in 2016 despite a turbulent political and economic landscape, new research has revealed. See more here
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24 Jan 2017 2 min read
Henderson Smaller Companies modestly underperforms benchmark but grows dividend 25%
Henderson Smaller Companies has announced its interim results for the six months ended 30 November 2016. During the period, the trust provided and an NAV total return of 1.4% and a share price total return of 2.0%, thereby underperforming its benchmark, The Numis Smaller Companies (excluding Investment Companies) Index, which provided a total return of […]
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11 Aug 2016 4 min read
Henderson Smaller beats benchmark in difficult year
Henderson Smaller Companies has published results for the year ended 31 May 2016. The net assets of the company declined by 1.1% in the reporting year, outperforming the benchmark, the Numis Smaller Companies Index (excluding investment companies), by 0.5%. However the company’s discount widened, so the share price fell by 8.1%. The revenue return per share has […]
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21 Jan 2016 2 min read
Henderson Smaller Companies posts modest outperformance due to stock selection
Henderson Smaller Companies, managed by Neil Hermon (pictured), has announced its interim results for the six-months ended 30 November 2015. During the period the company’s NAV total return was -1.0% thereby beating its Numis Smaller Companies (excluding investment companies) benchmark, which fell 3.3% on a total return basis. The Company’s share price total return declined […]
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23 Nov 2015 1 min read
World trust fund trading at highest combined discount (34.3%) since the financial crisis
World Trust Fund has announced its interim results for the six-months ended 30 September 2015. During the period, the company’s NAV per share fell 12.9% b(in Sterling terms) modestly outperforming both the MSCI AC World Index (ex USA) Index, which fell 13.5% but underperforming the MSCI AC World Index, which fell 11.0%. The share price […]
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04 Aug 2015 3 min read
Henderson Smaller shareholders get bumper year and a fee cut
Over the year to the end of May 2015, Henderson Smaller Companies generated a 20.4% return on net assets and a 28.2% return to shareholders both of which compare well to a 10.4% return on the Numis Smaller Companies Index for the same period and the average returns for HSL’s peer group (14.3% on NAV […]
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29 Jan 2015 1 min read
Henderson Smaller delivers positive return to shareholders
Henderson Smaller Companies published its interim report yesterday. This covers the six month period that ended on 30 November 2014, a period that saw the Numis Smaller Companies ex Investment Companies Index fall by 4.6% in total return terms. Henderson Smaller Companies did well then to manage a fall of 1.2% in NAV total return and […]
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01 Sep 2014 1 min read
70% increase in dividend tops another good year for Henderson Smaller
HSL : 70% increase in dividend tops another good year for Henderson Smaller Henderson Smaller Companies Trust beat its benchmark, the Numis Smaller Companies Index excluding investment companies, over the year that finished on 31 May 2014 – generating a total return on net assets of 19.9% vs. 19.1% for the index. Shareholders have done […]
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31 Jan 2014 1 min read
Henderson Smaller Comapnies : HSL – half year report
Over the six months to end November 2013 HSL delivered a NAV return of 14.5% and a share price return of 14.7% – marginally outperforming the Numis Smaller companies Index which returned 14.4%.
Upcoming Events
Videos
In The Press
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14 Oct 2024 1 min read
Stocks that investment trust managers are backing for a UK recovery
By James Carthew, QuotedData for Trustnet, 14 October 2024: After a long period in the doldrums, there are glimmers of hope that investors might start to favour UK small-caps once again. Small-caps tend to outperform large-caps over the long term and the UK market is still very much cheaper than the US. With that in […]
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15 Jul 2024 1 min read
Investment trust insider on small caps
Investment trust insider on small caps – James Carthew: The world can’t be mean to small-caps forever The dominance of mega-cap tech stocks has exacerbated the underperformance of smaller company funds, but history suggests this should change. Mean reversion, the tendency for asset prices to return to their long-term average, is a wonderful thing. However, […]
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03 Apr 2024 1 min read
Four last-minute and early-bird investment trust bargains for your ISA
by Sam Benstead from interactive investor, 3rd April 2024: With just days to go before the 6 April ISA deadline, after which the £20,000 allowance restarts, there is still time to add some new ideas to your portfolio.. Investment trusts often throw up opportunities for bargain hunters, as the share price can diverge from the […]
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11 Jan 2024 1 min read
Investment trust bargains: how to find them and where to look in 2024
by Kyle Caldwell from interactive investor, 11th January 2024: There are various ways to improve the odds of investment success, including having a diversified portfolio, investing over the long term, and rebalancing a couple of times a year. Another one is to keep a close eye on valuations and seek out undervalued areas of the […]
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02 Nov 2023 1 min read
The funds pros have personally invested in for Junior ISAs
by Jennifer Hill from interactive investor, 30th October 2023: Investing for children and grandchildren is a great way to build a nest egg, and with a long time frame there’s plenty of time to ride out the inevitable ebbs and flows of investment markets… The general rule of thumb is that the younger you are, […]
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20 Jan 2023 2 min read
Investment trust bargains: how to find them and where to look in 2023
by Kyle Caldwell from interactive investor, 19th January 2023: We explain the tricks of the trade to find potential discount opportunities, and name the three areas where analysts are finding plenty of value in 2023… The first thing to point out is that while investment trust discounts offer opportunities to buy a basket of investments […]
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16 Jan 2023 1 min read
Investment trusts are going cheap in the stockpicker sales
David Brenchley, The Sunday Times, January 15 2023 The January sales are still on but you might find it more profitable to go shopping in the stock market instead. When share prices fall as sharply as they have since mid-2021, investors will inevitably be on the lookout for bargain opportunities. Investment trusts are trading at […]
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20 Dec 2022 1 min read
Falling at the first hurdle
Cherry Reynard, Trustnet Magazine, 20 December 2022: There was widespread optimism in the world of investment trusts at the start of 2022… However, as soon as Russia invaded Ukraine in February, all bets were off. This set off a chain of events, with disruption to commodity markets pushing up inflation, leading to higher interest rates […]
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10 Oct 2022 1 min read
‘Buying opportunities are better than ever’ for investment trusts
Eve Maddock-Jones, Investment Week, 05 October 2022: Investment trusts have been pushed to the widest discounts in years due to the abnormally high levels of market volatility and uncertainty. This includes not only closed-ended portfolios that have been running on a discount long-term, but portfolios that have historically run on significant premiums now being reduced. […]
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22 Nov 2021 1 min read
What is the future of trust dividend heroes following consolidation?
Kathleen Gallagher, Investment Week, 17 November 2021• 2 min read In the past 18 months, four trusts have fallen off the Association of Investment Companies’s (AIC) dividend hero list for various different reasons. However, investment trust experts are cautiously optimistic the list will grow over the next few years, with the main barrier to that […]
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28 Sep 2021 1 min read
AIM shares? It’s a Wild West to some
The brave can strike gold if they’re ready for risks in the hunt for bounty By ROSIE MURRAY-WEST, FINANCIAL MAIL ON SUNDAY PUBLISHED: 25 September 2021 It is hard to make your mind up about AIM, the Alternative Investment Market that has nurtured some big names, but also hosted huge failures. The market had a strong […]
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29 Mar 2021 1 min read
How to spot smaller companies winners
How to spot smaller companies winners There’s additional risk with small-cap funds but the good ones pay off March 23, 2021, Investors Chronicle, By Mary McDougall Funds that focus on smaller companies tend to outperform their benchmark indices by a greater proportion than their large-cap peers over time. The average share price and net asset value (NAV) total […]
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25 Aug 2020 1 min read
Small stocks could help you sail through
Small stocks could help you sail through the increasingly choppy waters of investments opportunities By ROSIE MURRAY-WEST, FINANCIAL MAIL ON SUNDAY PUBLISHED: 22:00, 15 August 2020 | UPDATED: 12:41, 16 August 2020 Some say small is beautiful, but if you have ever been on a yacht in a big storm, you will know it can be stomach-churning as well. That […]
