Henderson Horizon Global Property Equities - Neutral

FUND RESEARCH UPDATE: Fund rating moved to Neutral 

Muna Abu-Habsa 27 August, 2015 | 11:22AM
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Following a recent Morningstar Analyst Ratings Meeting, we have moved the Morningstar Analyst Rating™ for Henderson Horizon Global Property Equities from Under Review to Neutral. The fund’s lead manager, Patrick Sumner, stepped down in July 2014 and was replaced by existing team members Guy Barnard and Tim Gibson who also became joint team heads. Barnard has been co-managing the fund since 2009 and heads the European equity desk within the property team, with Gibson being responsible for the Asian equity component. A further change has occurred on the US equity component of the portfolio, which is sub-advised to Harrison Street Associates, as Henderson have decided to bring the management of the US component in-house from September 2015. Although we are encouraged by some of the changes that Barnard and Gibson have implemented, we would prefer to monitor the fund from the sidelines as we assess the impact of those changes.  

See the latest Morningstar fund rating news here.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Janus Henderson Hrzn GlblPtyEqsA3qUSD17.34 USD0.61Rating

About Author

Muna Abu-Habsa  is a senior investment research analyst at Morningstar

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