Hendersons tech trust is rated a sell

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Shareholders in Henderson Technology investment trust should consider switching into the group's Glo...

Shareholders in Henderson Technology investment trust should consider switching into the group's Global Technology unit trust, according to Charles Cade an investment trust analyst at Merrill Lynch. The £446m investment trust, managed by Brian Ashford-Russell, is currently trading on a premium of 6.9% compared with a discount of 20% just over a year ago. The unit trust is run by his colleague Tim Woolley. Cade said: "This sharp rerating can be explained by its spectacular performance over the past year, both in absolute terms and relative to its benchmark, the FTSE World Index. However, ...

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