Henderson are in a cost-cutting spree and according to industry press are making their entire SRI team redundant. Henderson announced that Tim Dieppe will remain running the Industries of The Future Fund until the end of the year (which really is not that far away).

As a consequence I am reviewing holdings with Henderson and shall write to clients in due course. Henderson have had considerable success with their SRI funds. I am sure that Henderson have very good reasons for their actions, but this does seem like a backward step.

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