Henderson High Income (HHI)

HHI is an investment company that aims to provide high income and capital growth by investing primarily in UK equities and fixed interest assets. Managed by Janus Henderson Investors, the company focuses on companies that offer strong dividend yields, sustainable earnings, and potential for long-term growth. It diversifies its portfolio across various sectors, blending larger, well-established companies with smaller, higher-growth ones. In this interview, manager David Smith tells John Hughman how the company has delivered 11 consecutive years of income growth; the rationale behind the recent merger of Henderson Diversified Income into Henderson High Income, and the benefits including increased size, improved liquidity, and cost efficiencies; why the company has recently increased exposure to mid-caps and the real estate sector; and how the group is managing its bond portfolio within the changed interest rate backdrop, notably the improved quality of its holdings.