Henderson European Focus Trust - Silver

INVESTMENT TRUST RESEARCH UPDATE: Trust rating upgraded to Silver

Jackie Beard, FCSI 30 June, 2014 | 11:53AM
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Following the Morningstar OBSR Analyst Ratings Meeting on 12th June 2014, we have moved the Henderson European Focus Trust (HEFT) to a Morningstar Analyst Rating™ of Silver. The fund was previously rated Bronze, as, although we recognized the manager’s success in European markets, we needed to build confidence in his ability to run a more concentrated portfolio. Having now demonstrated his ability to successfully build a portfolio of his best current ideas while keeping risk under control, we believe a Silver Rating is warranted.

Find out more about how Morningstar analysts rate funds and investment trusts here.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Henderson European Focus Trust Ord173.50 GBX0.29Rating

About Author

Jackie Beard, FCSI

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

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