As an IFA or Financial Planner, one of my tasks is to assess funds and select them. Clients will appreciate that I have particular views on this subject. These can be found within the resources section of the main Solomon’s IFA website in a document called “Our Approach to Investing“. Anyway, today Henderson have informed advisers that following their takeover of Gartmore and New Star, they plan to merge a considerable number of their funds. Anyone with holdings will be written to in the not too distant future, starting at the end of this month. The funds under the spotlight of consideration are as follows. All funds would begin with the Henderson brand name, so please take that as a given.

Diversified Absolute Return Fund

Higher Income Fund

European Value Fund

US Opportunities Fund

UK Strategic Capital Unit Trust

Extra Monthly Income Bond Fund

High Yield Monthly Income Fund

Managed Distribution Fund

International Fund

Industries of the Future Fund

Global Care UK Income Fund

UK Strategic Income Unit Trust

European Smaller Companies Fund

Global Dividend Income Fund

The plan, assuming approved by investors and the regulator will be executed between May and the end of July this year. Like many Fund Management Groups, there has been a serious danger of having too many funds to look after well and investment, we all know that focus is everything. This, whilst probably not great news for some of the Henderson staff, is probably the right thing for investors and Henderson. Obviously for any client with holdings in any these funds, I will keep you posted.

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