Henderson set to merge away three funds

Henderson is set to merge away three funds in a rationalisation of its portfolio range.

The fund group will merge the £65m Henderson European Smaller Companies fund with the £921m Henderson European Growth fund, managed by Richard Pease.

Also, the $35m (£22.6m) Henderson Global Focus fund will merge into the £60m Henderson International fund, both managed by Matthew Beesley.

The £17.2m Henderson UK Strategic Income fund will merge with the Henderson Core 5 Income fund, managed by Bill McQuaker.

The changes will complete in November subject to FCA and IMA approval.

A Henderson spokesman confirmed the mergers. No managers’ jobs will be affected by the changes.