Following the Morningstar OBSR Analyst Ratings Meeting on 11th July 2013, we have upgraded the Henderson Horizon Pan European Equity fund to a Morningstar OBSR Analyst Rating™ of Silver. The fund was previously Under Review. Although the European equities team at Henderson experienced some turnover early in 2013, including the departure of this fund’s comanager, Bill Stormont, we continue to hold longstanding fund manager Tim Stevenson in high regard and we are confident in his abilities to continue this fund’s success over the long term. Mr Stevenson has managed this offering since 2001 to excellent effect and we value the experience and continuity that he proffers for investors in this fund.
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