Henderson European Focus Trust increases portfolio concentration to take bolder bets
Fund managers are increasingly sharpening their proposition in the fight against competition from lower-cost tracker funds. Among them is John Bennett of Henderson European Focus Trust ( HEFT ) where the investment trust has amended its structure to give it capacity to make greater bets by holding fewer companies. The trust has cut the minimum number of holdings it can have in the portfolio, with the so-called ‘floor’ of...