Overview
Henderson European Trust (formerly Henderson European Focus Trust : HEFT) aims to maximise total return from a portfolio of stocks predominantly listed in Europe (excluding the UK). To achieve this, it aims to build a portfolio of global champions listed in Europe. The fund managers seek out pioneering companies which are leaders in their field.
The company absorbed Henderson European : HNE by way of a merger in June 2024.
The fund manager’s website can be found here.
Fundamentals
Price
Research History
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05 Jan 2023 90 min read
QuotedData’s Economic and Political Monthly Roundup January 2023
Economic and Political Monthly Roundup Investment companies | Monthly | January 2023 A collation of recent insights on markets and economies taken from the comments made by chairs 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 […]
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12 Nov 2020 7 min read
QuotedData’s Investment Companies Roundup – November 2020
Investment Companies Monthly 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 Legal New research Here is a list of research we published over October: Herald Investment Trust – Hot chips “Reflecting its focus on technology, […]
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07 Jun 2019 5 min read
QuotedData’s economic roundup – June 2019
Economic & Political Roundup 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 any of the […]
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16 Oct 2018 2 min read
Quarterly Investment Companies Roundup – Third Quarter 2018
Quarterly Investment Companies Roundup – Third Quarter 2018 Global equities delivered positive returns over the third quarter of 2018. This was principally because of strength in the US market. Political uncertainty and concerns about global trade held back other regions. Generally, government bond yields rose over the quarter. The UK equity market fell as the Bank of […]
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12 Oct 2018 1 min read
QuotedData’s investment companies roundup – October 2018
QuotedData’s investment companies roundup – October 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 September Trian Investors 1 is a new fund that will adopt […]
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18 Jul 2018 2 min read
Quarterly Investment Companies Roundup – Second Quarter 2018
QUARTERLY INVESTMENT COMPANIES ROUNDUP – SECOND QUARTER 2018 Global equities markets rose in the second quarter of 2018, Markets were volatile, as positive economic data and encouraging company performances played off against geopolitical concerns. Yields from bond markets rose early in the quarter but fell back as investors turned to ‘safer’ investments. The threat of […]
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18 Jan 2018 1 min read
QuotedData – 2017 review of the year
QuotedData – 2017 review of the year – Many commentators, including us, were wary going into 2017. In the event, economic growth and markets surprised on the upside: US markets hit new highs despite three interest rate rises. Perceived low/no growth areas such as Europe and Japan burst into life. Asia’s technology stocks surged. India’s […]
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10 Jan 2018 1 min read
QuotedData’s economic round up – January 2018
QuotedData’s economic round up – January 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 […]
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14 Jun 2017 1 min read
QuotedData’s economic round up – June 2017
QuotedData’s economic round up – June 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 buy or […]
News
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03 Feb 2025 1 min read
Shock departure puts question mark over future of Henderson European
The board of Henderson European Trust says that it has been notified that the company’s two co-portfolio managers, Tom O’Hara and Jamie Ross, have resigned from Janus Henderson Investors. With effect from today, Robert Schramm-Fuchs and Nick Sheridan, experienced portfolio managers who have worked in the manager’s European Equities team since 2014 and 2009 respectively, […]
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27 Dec 2024 5 min read
QuotedData’s review of the year 2024
This is the last of our weekly emails for 2024. We hope that you have been finding them useful. 2024 has been a year of setbacks and shrinkage for the UK investment companies industry, topped by the cynical and self-serving attack on seven trusts by US corporate raider Saba Capital (there will be much more […]
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12 Dec 2024 2 min read
Henderson European successfully navigates tricky markets
In its first set of results since the merger of Henderson European Focus with Hendedrson Eurotrust, Henderson European has published figures covering the 12 month period ended 30 September 2024. Over the period, the NAV return was 16.6%, ahead of its index benchmark (FTSE World Europe ex UK) by 1.3%. The share price total return was […]
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25 Jun 2024 1 min read
QuotedData’s morning briefing 25 June 2024 – FSF, LAND, HEFT, SONG
In QuotedData’s morning briefing 25 June 2024: Foresight Sustainable Forestry (FSF) announced its interim results for the six months to 31 March 2024. The company recorded a profit for the period of £6.6m, while delivering a NAV per share return of 3.9% since 30 September 2023. The key drivers of the uplift were the upwards […]
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29 May 2024 2 min read
QuotedData’s morning briefing 29 May 2024 – CTUK, HEFT, JLEN, ASLI, API, CAL
In QuotedData’s morning briefing 29 May 2024: CT UK Capital and Income Investment Trust (CTUK) announced its interim results for the six months to March 31 2024. The company’s NAV total return was 12.9%, outperforming its benchmark index which returned 6.9% over the same period. The share price total return was 9.5%. The dividend for […]
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21 May 2024 1 min read
QuotedData’s morning briefing 21 May 2024 – SDP, HEFT
In QuotedData’s morning briefing 21 May 2024: Schroder AsiaPacific Fund (SDP) announced its interim report for the six months to 31 March 2024. Over the period, the company’s NAV per share total return was 5.7%, slightly ahead of the 5.3% total return from the benchmark. The share price produced a total return of 4.4% over […]
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17 May 2024 1 min read
QuotedData’s weekly news show 17th May 2024
Thank you to everyone that listened in today, whether you watched the Zoom live or on YouTube. In this week’s show, James Carthew covered the week’s top stories: • Chrysalis (0:16) • Pantheon International (5:07) • Henderson European Focus / Henderson Eurotrust (6:48) This week’s interview was with Mark Sheppard from Manchester & London IT […]
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15 May 2024 2 min read
Henderson provides an update to its proposed European trust merger
The board of Henderson European Focus Trust (HEFT) has provided an update on its merger with Henderson Eurotrust (HNE). The merger was initially announced on 14 March, with the intended new trust being named Henderson European Trust. The boards of HNE and HEFT have now agreed on revised terms to the merger, with the updated […]
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15 Mar 2024 1 min read
QuotedData’s weekly news show 15th March 2024
Thank you to everyone that listened in today, whether you watched the Zoom live or on YouTube. In this week’s show, James Carthew covered the week’s top stories: • Henderson EuroTrust / Henderson European Focus (0:53) • GCP Asset Backed Income (5:36) • Scottish Mortgage (7:41) • Regional REIT (11:02) This week’s interview was with […]
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14 Mar 2024 2 min read
Henderson to merge its two European trusts
The boards of Henderson European Focus Trust (HEFT) and Henderson EuroTrust (HNE) have signed Heads of Terms in respect of a proposed merger of interests to form Henderson European Trust plc. HNE is being folded into HEFT using a s110 scheme. The City Code on Takeovers and Mergers is not expected to apply to the proposals. The combined […]
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13 Dec 2023 2 min read
Stock selection drives impressive outperformance for Henderson European Focus Trust
Henderson European Focus Trust (HEFT) announced its annual results for the year ended 30 September 2023. NAV total return was 24.1%, well ahead of the benchmark return of 3.6% and also outperforming the broader peer group average. Share price total return was 27.7% Major contributors to the outperformance included semiconductor capital equipment stocks BE Semiconductor […]
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01 Sep 2023 1 min read
Henderson European Focus manager, John Bennett, to retire
After over 43 years in financial services, including 13 years as Manager of Henderson European Focus Trust (HEFT), veteran fund manager John Bennett (pictured) is retiring from the asset management industry and Janus Henderson Investors at the end of August 2024. In the meantime, John will continue to work closely with both co-fund manager, Tom […]
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08 Dec 2022 1 min read
Henderson European Focus bounces back post year end
Henderson European Focus more or less matched the fall in its World Europe ex UK index benchmark over the 12 months ended 30 September 2022, returning -13.1% to the index’s -12.8%. However, a widening discount left investors with a share price return of -18.3%. Fortunately, the closing share price at 6 December 2022 was 149p, […]
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02 Dec 2022 4 min read
QD view – Investing in Europe at a time of recession
Recession now appears inevitable across much of Europe – and may already have started. A grim winter of potential fuel shortages and economic disruption looms. However, the impact for stock markets is not clear-cut. With a range of styles in the European sector, could one prevail over another in the tough year ahead? There has […]
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04 Feb 2022 1 min read
QuotedData’s morning briefing 4 February 2022
In QuotedData’s morning briefing 4 February 2022: Jupiter Emerging & Frontier Income Trust (JEFI) has announced that its Fund Manager, Ross Teverson, has recently increased his personal shareholding in the Company to 1,134,000 ordinary shares, representing 1.90% of JEFI’s total voting rights. [QD comment: We are pleased to see Ross Teverson further aligning himself with […]
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27 Jan 2022 3 min read
QuotedData’s morning briefing 27 January 2022
In QuotedData’s morning briefing 27 January 2022: ICG Enterprise Trust (ICGT) is investing in Brooks Automation alongside funds advised by Thomas H. Lee Partners. The trust has an investment in THL Fund IX and will have exposure to the deal that way, but it will also make a direct investment in Brook Automation. Altogether – […]
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09 Dec 2021 3 min read
Henderson European Focus stock picking pays off
Henderson European Focus stock picking pays off – Henderson European Focus has published results for the 12 months ended 30 September 2021. It managed to beat its benchmark by 0.6%, returning 22.6% to the benchmark index’s 22.0%. A narrower discount meant that shareholders did a lot better though, with a return of 28.8%. The dividend has […]
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2 min read
QuotedData’s morning briefing 9 December 2021
In QuotedData’s morning briefing 9 December 2021: Digital 9 Infrastructure (DGI9) has bought a data centre asset and subsea fibre landing station, SeaEdge UK1, on the UK’s largest data centre campus in Newcastle for a purchase price of £15m. SeaEdge UK1 has a capacity of 10.6MW and a direct connection to the 275KV National Grid […]
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03 Feb 2020 1 min read
QuotedData’s other news 3 February 2020
In QuotedData’s other news 3 February 2020 BlackRock Throgmorton is asking shareholders for permission to issue more shares, having resold 5.5m of the 7m shares it was holding in Treasury. Ioannis Papalekas, the CEO of Globalworth has sold his entire stake in the company for €244.6m. he also freed up another €39m by selling the company […]
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10 Dec 2019 2 min read
Henderson European Focus to increase focus
Henderson European Focus to increase focus – In its results, released yesterday evening, Henderson European Focus Trust said it had lagged its benchmark a little over the year to the end of September 2019. It returned 4.3% in NAV terms against a 6.4% return for its benchmark. Shareholders saw a return of 3.1% as the […]
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12 Dec 2018 6 min read
Henderson European Focus annual results show in-line performance
HEFT’s annual results – NAV provides an in-line performance Henderson European Focus Trust (HEFT) has announced its annual results for the year ended 30 September 2018. During the year, the trust produced a net asset value total return per ordinary share of 2.0% (2017: 21.7%), which is in line with the benchmark total return of […]
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25 Sep 2018 1 min read
Henderson European Focus Trust gets a new Co-Fund Manager
Henderson European Focus Trust gets a new Co-Fund Manager – The board of Henderson European Focus Trust (HEFT) has announced that Andrew McCarthy has been appointed co-fund manager of the company’s portfolio alongside John Bennett. Andrew has only recently joined Janus Henderson and he was recruited specifically to work alongside John on his European long-only funds and mandates. Biography Andrew […]
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06 Dec 2017 3 min read
Henderson European Focus manager loves Carlsberg
Henderson European Focus manager loves Carlsberg – Henderson European Focus Trust has published results covering the year ended 30 September 2017. Performance highlights The ordinary share price(1) total return (including dividends reinvested) was 35.9% (2016: 8.6%). The net asset value total return was 21.7% compared to a total return from the benchmark (World Europe ex […]
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07 Dec 2016 4 min read
Henderson European Focus laments fickle markets
In the financial year to 30 September 2016, Henderson European Focus Trust produced total return NAV per ordinary share of 20.4%. This compares to a total return of 21.1% for the Europe ex UK Index in sterling terms. The share price total return was 8.6%. The shares continued to trade in a tight range relative […]
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28 Jul 2016 6 min read
F&C Managed Portfolio beats benchmark despite widening discounts
F&C Managed Portfolio reports that, for the company’s financial year to 31 May 2016, the NAV total return (i.e. adding dividends paid to capital performance) was -4.8% for the Income shares and -4.5% for the Growth shares which represented outperformance against the -6.3% total return for the FTSE All-Share Index, the benchmark index for both […]
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13 May 2016 2 min read
Henderson European Focus’ NAV performs broadly in line with index
Henderson European Focus Trust has announced its interim results for the six months ended 31 March 2016. During the period, the company provided an NAV total return of 6.3%, thereby mildly underperforming its benchmark, the FTSE World Europe ex UK Index, which returned 6.7%. In contrast to this, and reflecting a widening discount during the […]
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28 Apr 2016 1 min read
Investors shun European trusts amid growth fears
Discounts on European investment trusts have widened as worries over the continent weigh on investors. you can read the full article here
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08 Dec 2015 1 min read
Henderson European Focus outperforms
Henderson European Focus Trust has published accounts for the year ended 30 September 2015 that show it outperforming its benchmark. The net asset value total return for the year was 5.3% compared to a total return from the FTSE World Europe ex UK Index of -1.2%. The ordinary share price total return was 5.2%. They also announced […]
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15 May 2015 1 min read
Strong stock selection benefits Henderson European Focus
Henderson European Focus Trust outperformed its benchmark over the six months ended 31 March 2015, generating a return on net assets of 14% compared to a 10.0% return on the FTSE World Europe ex UK Index. Shareholders did even better than that as the discount narrowed, giving them a return of 16.9%. The interim dividend […]
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08 Jul 2014 1 min read
Midas Income & Growth : MIGT – annual results
Midas Income & Growth, managed by Alan Borrows (pictured) and Simon Callow has released its results for the year that ended on 30 April 2014. The total return on the net asset value for the year was 7.2% – well ahead of the company’s benchmark (LIBOR +3%) which, because LIBOR is so low, returned 3.6%. The Board […]
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08 May 2014 1 min read
Henderson European Focus Trust : HEFT – interim results
Henderson European Focus Trust has announced its half year results for the period ended 31 March 2014. Its net asset value total return for those six months was 16.5%, well ahead of the 8.7% return generated by the FTSE World Europe Index (in sterling). The discount narrowed over the period, moving to a premium at times, and […]
Upcoming Events
Videos
In The Press
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29 Jul 2024 1 min read
Can we expect broader consolidation among investment trusts?
Cherry Reynard, Portfolio Adviser, 23 JULY 2024: It has been the busiest year on record for investment trust corporate activity, culminating in the creation of the giant Alliance-Witan at the end of June. Much of the merger activity has been concentrated in ‘distressed’ sectors, such as property and China, but the merger of these two […]
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27 Jun 2024 1 min read
What’s behind more investment trusts joining forces?
by Kyle Caldwell from interactive investor, 25th June 2024: The investment trust industry has in the past faced criticism for having too many small, sub-standard trusts with assets worth £100 million or less. This has been changing over the past couple of years, with boards increasingly ringing the changes. Boards have the ability to replace […]
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18 Mar 2024 1 min read
Cheap trusts to add to your ISA for each developed market
By Matteo Anelli, 18 March 2024, Senior reporter, Trustnet: Discount opportunities abound in the investment trusts universe, where 31% of portfolios with at least a five-year track record are now trading at double-digit discounts. But that doesn’t mean that all of them make a great investment opportunity and discerning between the good and the bad […]
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09 May 2023 1 min read
Investment trust boards: what do they do, and do they add value?
by Faith Glasgow from interactive investor, 9 May 2023: The recent widely publicised spat between members of Scottish Mortgage’s board of directors has once again focused attention on investment trust boards as a unique aspect of the closed-ended fund structure… Investment trusts are required to have independently elected boards of directors because they are structured […]
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20 Apr 2023 1 min read
Delving into the dividend: nine income trusts delivering top total returns
by Kyle Caldwell from interactive investor, 19th April 2023: There are sound reasons to look beyond ‘dividend hero’ investment trusts, as this research shows. Many investors like to buy funds and investment trusts that invest in dividend-paying companies or income-producing bonds… Investors should look beyond the dividend heroes However, investors should not just simply stick […]
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03 Nov 2022 1 min read
The European trusts on the biggest discounts relative to their recent history
By Tom Aylott, Reporter Trustnet, 2 November 2022: Many trusts have been struck by soaring inflation and tightening monetary policies this year, but those investing in European equities have been particularly battered. The war in Ukraine and lost gas imports from Russia have compounded to create a challenging market environment for European investors. As a […]
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11 Oct 2022 1 min read
Bargain Hunter: 12 investment trusts near biggest discount in five years
by Kyle Caldwell, interactive investor, 11th October 2022: Investment trust discounts have widened notably since the beginning of the year, rising from 1.5% to 15.7% for the average discount, according to analyst Winterflood. The bear market that’s played out this year in response to high levels of inflation, increases in interest rates and geopolitical tensions, […]
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18 Oct 2021 1 min read
Now could be the perfect time to go into Europe
Merkel gone; Macron facing elections; Shares still lagging behind US By ROSIE MURRAY-WEST, FINANCIAL MAIL ON SUNDAY PUBLISHED: 16 October 2021 With gaps in food shelves, an energy crisis and rising inflation, it has been hard to look away from UK news in recent weeks. But those who have also kept an eye on our Continental […]