• Listen to Roger and Ross Greenwood talk about company results from reporting season listen here

How to assess Henderson post-Brexit

digital composition of a euro note

How to assess Henderson post-Brexit

Before Brexit, Henderson Group PLC (ASX: HGG) was a core holding for many Australian investors seeking international exposure. Since then, its share price has plunged about 20 per cent. HGG has just reported its 1H16 result, and we still like the business, but there are some provisos. 

EXCLUSIVE CONTENT

subscribe for free
or sign in to access the article

Scott joined Montgomery in May 2014. Prior to joining the team, Scott was a Senior Brokerage Representative at CommSec, before he spent two and a half years as a Risk Analyst at GE Capital in Perth.

INVEST WITH MONTGOMERY

Why every investor should read Roger’s book VALUE.ABLE

NOW FOR JUST $49.95

find out more

SUBSCRIBERS RECEIVE 20% OFF WHEN THEY SIGN UP


#Brexit, #Henderson Group (HGG)

This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564) and may contain general financial advice that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking advice from a financial advisor if necessary.

Comments

  1. Interesting to compare HGG to its smaller peer BTT following Brexit. BTT last month confirmed a $2.5b FUM increase, compared to HGG’s net outflows, as reported. Presumably both funds will be subject to fee pressure from switching to fixed interest assets as described. Both funds also face similar currency headwinds. At first blush BTT seems to have fared better of the two, and recent post-Brexit Director buying might further signal internal optimism for BTT.
    Thoughts?

Post your comments