Trustnet Magazine 59 February 2020 | Page 42

In focus [ SECTOR PROFILE ] 42 / 43 team at Winterflood, points out that while Henderson Opportunities, Artemis Alpha and Baillie Gifford UK Growth have been the strongest beneficiaries of the “Boris bounce”, some names are trading on discount levels that are wider than their 12-month averages, such as Independent Investment Trust. “The best-performing trusts since the improvement in sentiment have been those with the highest exposure to UK domestically orientated businesses, such as Aurora, which has a value approach,” he adds. “The best-performing trusts since the improvement in sentiment have been those with the highest exposure to UK domestically orientated businesses” JPMorgan Mid Cap tops the tables over three months, with a rise of 19.47 per cent, with Mercantile and Schroder UK Mid Cap delivering 17.38 and 16.64 per cent, respectively. The major laggards have been Fidelity Special Values, which is up just 0.83 PERFORMANCE OF SECTOR VS INDEX OVER 3 MONTHS IT UK All Companies (11.90%) MSCI World (3.29%) 16% 14% 12% 10% 8% 6% 4% 2% 0% -2% Source: FE Analytics TRUSTNET trustnet.com