Fund in focus: a play on British mid-caps

Outsize bets on the housebuilders have paid dividends for this UK-focused mid-cap fund.

764-FOTW

Don't be fooled by the name Henderson Smaller Companies Investment Trust (LSE: HSL) is more of a play on UK mid-cap shares than a fund for those looking to profit from penny stocks. Cambridge mathematics graduate Neil Hermon has been running the fund since 2002, and it currently has around two-thirds of its holdings in the FTSE 250.

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Bellway3.7%
E2V Technologies2.7%
Paragon Group of Companies2.2%
Howden Joinery Group2.2%
Informa2.1%
Interserve2.0%
NMC Health1.9%
WS Atkins1.9%
Victrex1.9%
Playtech1.9%
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