Henderson Global Trust - Neutral

INVESTMENT TRUST RESEARCH UPDATE: Trust rating moved to Neutral

Jackie Beard, FCSI 31 March, 2014 | 3:24PM
Facebook Twitter LinkedIn

We have reinstated a Morningstar Analyst Rating™ of Neutral for Henderson Global Trust (HGL) following the change in investment manager. Under former manager Brian O’Neill the fund held a Silver rating. While the developments at the fund and its remit make good sense to us, new manager Wouter Volckaert has no public track record in fund management—although he managed segregated mandates in his former role at Morgan Stanley—and he has joined a team that has recently been remodelled under Henderson’s new head of global equities Matt Beasley. Given the extent of these changes, our current level of conviction is muted relative to more proven peers in the category.




To see all the latest fund rating news click here.

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Facebook Twitter LinkedIn

About Author

Jackie Beard, FCSI

Jackie Beard, FCSI  is Director of Manager Research Services, Morningstar EMEA

© Copyright 2024 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures