Strategy is paying dividends for this trust’s long-term shareholders
One of the largest and most liquid UK smaller company trusts, yet trading at a 10.2% discount to net asset value (NAV) that suggests value abounds, Henderson Smaller Companies ( HSL ) has been successfully managed by trained accountant Neil Hermon since 2002. Hermon has established a formidably strong long-term track record by constructing a diversified portfolio with a focus on growth at a reasonable price (GARP). In fact,...