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.
This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only 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 independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.
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Ramon Vasquez
:
Hello .
Do you think Australian brokers and the ASX governing body will ever introduce a
” fill or kill” order policy for those investors who have been gazumped by the
operators of algorithmic trading techniques ?
l have been left with an uneconomic thirteen shares in BTT and two in MYS on ten
thousand – dollar orders on each .
Best wishes , Ramon .
Jarrod
:
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?