Following the change in management of Henderson Japan Capital Growth, we have moved the fund’s Morningstar OBSR Analyst Rating™ to Under Review. The fund previously held a Bronze Rating. Until recently the fund was solely managed by Michael Wood-Martin, who took over in 2006. However, in October 2014 Henderson decided to adopt a team-based approach to the management of the fund. It is now run by the Japanese Equities team consisting of four investment professionals – William Garnett, Michael Wood-Martin, Jeremy Hall, and Yun-Young Lee. Going forward, the portfolio will be constructed from the best ideas of the team. While we appreciate this team has worked together for a long time and share a common approach, this is a new approach for this fund and we would like to assess the impact of the changes on the execution of the strategy.
See the latest Morningstar OBSR fund rating news here.
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