Faizan Baig has been appointed deputy fund manager of Henderson International Income (HINT ) trust where he will work under Ben Lofthouse.

Baig (pictured above) joined investment manager Janus Henderson in 2015 and since then has worked on the global equity income team where he co-manages several funds with Lofthouse, including the Janus Henderson Global Equity Income fund.

The £371m global equity trust, which has grown its dividend for 10 consecutive years, has delivered total shareholder returns of 5.4% over the last 12 months, ranking it in the middle of the Association of Investment Companies’ seven-strong sector. Over five years its underlying return on net assets of 37.6% leaves it toward the bottom of its seven-strong peer group.

The trust’s largest individual bets include Citywire Elite Companies AAA-rated Microsoft and pharmaceutical giants Merck and Sanofi, which respectively make up 4%, 3.3% and 3.3% of the 4.6%-yielding portfolio.

The largest sector weightings are technology and financials, which each constitute 16.4% of assets, according to the May factsheet.

The shares continue to trade at a 13% discount to net asset value, with chair Richard Hills noting in April’s half-year results that share buybacks were not in the best interests of shareholders.

He put the deficit down to misleading cost disclosure regulations that have impacted the entire investment trust sector, as well as high-yielding bonds that are more attractive. The board expects the discount to narrow once interest rates start to decline.

This week the board declared a third interim dividend of 1.92p, to be paid at the end of August.