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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.

 

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