Trustnet Magazine 69 January 2021 | Page 9

Trust TV Highlights : Henderson European Focus Trust

Whilst COVID-19 has undoubtedly brought its unique challenges , value has been predominantly out of favour since well before the emergence of the virus , and for most of the last decade . Right now , it ’ s rarely been cheaper ... and the premium applied to growth never higher .
Adversity brings opportunity . Has the pandemic ushered in an era where we can confidently anticipate some meaningful re-ratings of these historically cheap valuations ?
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