Following a recent Morningstar Analyst Ratings meeting, we have reinstated the Henderson Horizon – Euro Corporate Bond fund’s Morningstar Analyst Rating™ of Bronze. The fund’s rating was previously Under Review following the news that manager Chris Bullock would be leaving Henderson at the end of 2015. While Stephen Thariyan continues to serve as a co-manager, Tom Ross has taken over the day-to-day duties for the fund after Bullock’s departure. Although Ross was named manager on this fund only in August 2015, the three had worked closely for almost a decade managing a number of mandates together, including this fund since its inception. The management continuity provided by Thariyan and Ross along with a recently reinforced investment team, that continues to apply the same bottom-up focused approach, alleviate our concerns following Bullock’s departure. We therefore reinstate our Bronze rating.
See the latest Morningstar fund rating news here.
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