SHARE TIP – Henderson Eurotrust

January 29, 2018 Dick Morris 3 comments

If you thought that BRSC was a knockout, then you haven't heard anything yet, for Henderson's Eurotrust (LSE:HNE) has an even better record.

I bought into this trust shortly after it launched in 1992, held it for a few months, and then sold it, simply because it wasn't moving quickly enough for me. In short, I could not see myself getting rich quick, with a fund such as this. Not that I can now see myself getting rich quick by any other means - doing so is almost impossible, I now think. What did I do with the money I took out? I can't remember. But I can guess. I put it into some AIM filth, which promised riches, but was little more than a management pension fund. (D'oh!)  Had I stuck with HNE, every £1000 I put in would now be worth £26131! An annual compound rate of 14%. (Face/palm moment!)

The manager of this trust is on record (a video interview is available: Manager speaks!) as saying he does not think the fund's great historic performance can be repeated. And, almost certainly too, he will not be manager for another twenty-six years. But his modesty is encouraging. Had he said, "Well, yes, we can do it again. In fact, we can do even better. Gimme your money!" I would have almost certainly avoided him. But , as it is, he sounds as if he is the sort of manager I can trust. I have bought in, with a fairly modest stake, the markets being as high as they are, and will add on any major correction.

BUY.

For: tremendous record; realistic and honourable manager.

Against: Could be hit if the EU falls apart. (I don't think this will happen: too many Southern Europeans are feeding off the German and Dutch taxpayers' teats.)  

See also:

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The comments here represent my own personal views, and readers should make up their own minds as to the wisdom (or otherwise) of what I suggest, and do their own research to ensure that the moves I recommend would be right for their own personal circumstances. I can take no responsibility for the subsequent performance of my recommendations, but ensure readers that I have do in fact have holdings in the shares and trusts I recommend.    

3 Comments on “SHARE TIP – Henderson Eurotrust

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