Decode it before passing the value in. Just had this same issue (different characters) and it works fine:
Eg:
@Html.ActionLink(HttpUtility.HtmlDecode(_("&")), "Index", "Home")
Annoying though
Alternatively, just use a plain Unicode ellipsis character \u2026 and let MVC worry about how to encode it. Unless there's some particularly compelling reason you'd specifically need a hellip entity reference as opposed to a character reference or just including the character as simple UTF-8 bytes.
Alternative alternatively: just use three periods. The ellipsis (U+2026) is a compatibility character, only included to round-trip to pre-Unicode encodings. It gets you very little compared to simple dots.
The answer given by Sam is actually correct and I used it in my solution so I have therefore tried it myself. You may want to remove the extra parenthesis so it becomes something like this:
@Html.ActionLink(HttpUtility.HtmlDecode("&"), "Index", "Home")
Check out this:
<p>Some text @(new HtmlString(stringToPaste)) </p>
It looks like ActionLink always uses calls HttpUtility.Encode on the link text. You could use UrlHelper to generate the href and build the anchor tag yourself.
<a href='@Url.Action("Posts", ...)'>More…</a>
Alternatively you can "decode" the string you pass to ActionLink. Constructing the link in HTML seems to be slightly more readable (to me) - especially in Razor. Below is the equivalent for comparison.
@Html.ActionLink(HttpUtility.HtmlDecode("More…"), "Posts", ...)