Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

Technology trust has created more than £1bn for investors

Small cap technology fund Herald Investment Trust (HRI) has now created more than £1bn for investors since its 1994 launch. As relayed to research house QuotedData, seasoned manager Katie Potts says £98m was raised from investors at launch and in subsequent issues. ‘All of this and more has been returned via share buy backs, yet Herald still has net assets of £952.3m (up from £791m at the start of 2017),’ enthuses QuotedData in a note (7 Dec) headed ‘Who wants to be a billionaire?’.

Potts thinks the UK stocks that form the core of her portfolio are still not excessively valued given their future profit growth potential.


‹ Previous2017-12-14Next ›