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Henderson High Income Trust - Neutral

FUND RESEARCH UPDATE: Rating moved to Neutral

David Holder 16 November, 2015 | 7:02AM

Following a recent Morningstar Analyst ratings meeting, we have moved the Henderson High Income Trust (HHI) to a Morningstar Analyst Rating™ of Neutral. The fund’s rating was Under Review (previously Bronze) following a change of manager. David Smith was appointed fund manager of the fund in July 2015 having previously been the co-fund manager with Alex Crooke since January 2014. We believe David to be talented albeit relatively inexperienced fund manager and he is well supported within the experienced Global Equity Income team at Henderson. However  we feel at this stage that it is prudent to downgrade the fund’s rating to reflect the reduced role that the previous long standing fund manager Alex Crooke will play in the future management of this fund.

 - See the latest Morningstar fund rating news 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.

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Henderson High Income Ord172.00 GBX-0.15

About Author

David Holder  is a senior investment research analyst at Morningstar

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