<div>Neil Hermon, Portfolio Manager of The Henderson Smaller Companies Investment Trust, discusses the challenges small-and-medium sized businesses are facing, why they are more resilient than some might think, and why the small cap story remains compelling.</div>

Neil Hermon, Portfolio Manager of The Henderson Smaller Companies Investment Trust, discusses the challenges small-and-medium sized businesses are facing, why they are more resilient than some might think, and why the small cap story remains compelling.

S4 Ep21: UK small cap valuations are too good to ignore

<div>Trust Radio is the investment trust podcast brought to you by Janus Henderson Investors, giving you valuable insights into investment trusts and how they function.<br>
<br>
<br>
<strong>Disclaimer</strong>
</div>
<div><em>For UK investors only. Capital at risk. <br>
Issued in the UK by Janus Henderson Investors. <br>
Marketing Communication. Not for onward distribution. Before investing in an investment trust referred to in this document, you should satisfy yourself as to its suitability and the risks involved, you may wish to consult a financial adviser. Past performance does not predict future returns. The value of an investment and the income from it can fall as well as rise and you may not get back the amount originally invested. Nothing in this document is intended to or should be construed as advice.  This document is not a recommendation to sell or purchase any investment. It does not form part of any contract for the sale or purchase of any investment. This is a marketing communication. Please refer to the prospectus and Annual Report of the AIF before making any final investment decisions.<br>
Issued in the UK by Janus Henderson Investors. Janus Henderson Investors is the name under which investment products and services are provided by Janus Capital International Limited (reg no. 3594615), Henderson Global Investors  Limited (reg. no. 906355), Henderson Investment Funds Limited (reg. no. 2678531), Henderson Equity Partners Limited (reg. no.2606646), (each registered in England and  Wales at 201 Bishopsgate, London EC2M 3AE and regulated by the Financial  Conduct Authority) and Henderson Management S.A. (reg no. B22848 at 2 Rue de Bitbourg, L-1273, Luxembourg and regulated by the Commission de Surveillance du Secteur Financier). <br>
Janus Henderson, Janus, Henderson, Knowledge Shared, Knowledge. Shared and Knowledge Labs are trademarks of Janus Henderson Group plc or one of its subsidiaries. © Janus Henderson Group plc.</em></div>

Business

News

Education

Investing

Business News

Trust Radio is the investment trust podcast brought to you by Janus Henderson Investors, giving you valuable insights into investment trusts and how they function. Disclaimer For UK investors only. Capital at risk. Issued in the UK by Janus Henderson Investors. Marketing Communication. Not for onward distribution. Before investing in an investment trust referred to in this document, you should satisfy yourself as to its suitability and the risks involved, you may wish to consult a financial adviser. Past performance does not predict future returns. The value of an investment and the income from it can fall as well as rise and you may not get back the amount originally invested. Nothing in this document is intended to or should be construed as advice. This document is not a recommendation to sell or purchase any investment. It does not form part of any contract for the sale or purchase of any investment. This is a marketing communication. Please refer to the prospectus and Annual Report of the AIF before making any final investment decisions. Issued in the UK by Janus Henderson Investors. Janus Henderson Investors is the name under which investment products and services are provided by Janus Capital International Limited (reg no. 3594615), Henderson Global Investors Limited (reg. no. 906355), Henderson Investment Funds Limited (reg. no. 2678531), Henderson Equity Partners Limited (reg. no.2606646), (each registered in England and Wales at 201 Bishopsgate, London EC2M 3AE and regulated by the Financial Conduct Authority) and Henderson Management S.A. (reg no. B22848 at 2 Rue de Bitbourg, L-1273, Luxembourg and regulated by the Commission de Surveillance du Secteur Financier). Janus Henderson, Janus, Henderson, Knowledge Shared, Knowledge. Shared and Knowledge Labs are trademarks of Janus Henderson Group plc or one of its subsidiaries. © Janus Henderson Group plc.

Trust Radio is the investment trust podcast brought to you by Janus Henderson Investors, giving you valuable insights into investment trusts and how they function.<br>
<br>
<br>
<strong>Disclaimer</strong>

<em>For UK investors only. Capital at risk.&nbsp;<br>
Issued in the UK by Janus Henderson Investors.&nbsp;<br>
Marketing Communication. Not for onward distribution. Before investing in an investment trust referred to in this document, you should satisfy yourself as to its suitability and the risks involved, you may wish to consult a financial adviser. Past performance does not predict future returns. The value of an investment and the income from it can fall as well as rise and you may not get back the amount originally invested. Nothing in this document is intended to or should be construed as advice.&nbsp; This document is not a recommendation to sell or purchase any investment. It does not form part of any contract for the sale or purchase of any investment. This is a marketing communication. Please refer to the prospectus and Annual Report of the AIF before making any final investment decisions.<br>
Issued in the UK by Janus Henderson Investors. Janus Henderson Investors is the name under which investment products and services are provided by Janus Capital International Limited (reg no. 3594615), Henderson Global Investors&nbsp; Limited (reg. no. 906355), Henderson Investment Funds Limited (reg. no. 2678531), Henderson Equity Partners Limited (reg. no.2606646), (each registered in England and&nbsp; Wales at 201 Bishopsgate, London EC2M 3AE and regulated by the Financial&nbsp; Conduct Authority) and Henderson Management S.A. (reg no. B22848 at 2 Rue de Bitbourg, L-1273, Luxembourg and regulated by the Commission de Surveillance du Secteur Financier).&nbsp;<br>
Janus Henderson, Janus, Henderson, Knowledge Shared, Knowledge. Shared and Knowledge Labs are trademarks of Janus Henderson Group plc or one of its subsidiaries. © Janus Henderson Group plc.</em>

Share S4 Ep21: UK small cap valuations are too good to ignore

Sign up to save your podcasts

S4 Ep21: UK small cap valuations are too good to ignore

S4 Ep21: UK small cap valuations are too good to ignore