HGT-2-dry

The author argues that the recent drop in HgCapital Trust's (HGT) share price, driven by fears of AI disruption, is an overreaction. The author believes that HGT's portfolio of "mission-critical" software businesses is resilient and that AI is more likely to be a tailwind than a headwind. Given the trust's quality, historical performance, and current discount, the author sees it as a buying opportunity.