Welcome:

Henderson European Growth Fund

Fund managers

Richard Pease

Richard has nearly three decades of experience in the financial industry which started at the Central Board of Finance for the Church of England where he ran two funds. After a short period at Windsor Investment Management, where he set up and ran the European Unit Trust, he began his long association with John Duffield in 1989 when he joined Jupiter Asset Management. There he started and ran the Jupiter European Unit Trust and several European funds. In 2001, he helped John Duffield set up New Star Asset Management and also started and ran the New Star European OEIC and its sister fund, the New Star Dublin based OEIC. On Henderson Global Investors acquisition of New Star in April 2009, Richard became a Director of European Equities and continues to run the previously mentioned European Funds which came from New Star. In October 2009 he started the Henderson European Special Situations Fund.

Fund manager ratings

31 March 2013

Simon Rowe

Simon Rowe joined Henderson in 2009 from New Star Asset Management where he was Fund Manager for European Equities. Simon has extensive experience in this sector and has worked for a number of firms over the last 24 years. In 1985 Simon joined BT Financial News Service as a Financial Journalist and took a similar position in 1986 at Investors Chronicle, part of the Financial Times Group. In 1989 Simon moved to Radio Free Europe in Munich as Economics Editor before joining Kleinwort Benson as German Equity Analyst. From 1993 until 2001 Simon worked as a freelance Management Consultant and Private Equity Advisor. Simon graduated from Cambridge where he attained a BA in History.

Fund manager ratings

31 March 2013

Investment objective

To seek long-term capital growth principally through investment in the securities of European companies excluding the UK.

Fund performance

Cumulative performance

Share class	1 Year	2 Year	3 Years	4 Years	5 Years
A Acc	40.27%	17.64%	39.60%	75.00%	31.10%

Discrete performance

Share class	Mar 2012 - Mar 2013	Mar 2011 - Mar 2012	Mar 2010 - Mar 2011	Mar 2009 - Mar 2010	Mar 2008 - Mar 2009
A Acc	23.5%	-7.8%	11.9%	50.9%	-27.6%

Fund facts

Key facts

Asset class	Equities
Structure	OEIC
Launch date	1 July 2001
Base Currency	GBP
Sector	IMA Europe ex UK
Benchmark	FTSE Europe (ex UK) Index
Year End	31-Aug
Valuation point	12:00
Pricing basis	Single Priced

Share classes

Henderson European Growth Fund A Acc
Distribution type	Accumulation Net
ISIN code	GB0030617707
Initial charge	5.25%
Annual charges	1.50%
Minimum lump sum investment	£1000
Additional lump sum investment	£100
Minimum regular saving	£100
XD dates	01-Sep
Ongoing charge	1.76% (as at 31 August 2012)

Fund risks

What are the risks specific to this fund?

Certain funds hold a more concentrated portfolio than the average fund. Whilst this can increase the potential reward, the nature of these funds can increase risk. Returns may be volatile and will be impacted more by fluctuations in the value of underlying stock.
Where the Funds invest in assets (including cash) which are denominated in currencies other than the base currency (pounds sterling) then currency exchange rate movements may cause the value of investments to fall as well as rise.

General information

Funds incur costs as a necessary part of buying and selling the underlying investments, these are otherwise known as portfolio transaction costs, and include charges such as broker commission and Stamp Duty Reserve tax (SDRT). View the portfolio transaction costs across the Henderson UK Fund range.

If there are any terms on this page you do not understand please refer to the glossary.

The IMA is the Investment Management Association who divide up the authorised funds universe into groups of funds, or IMA sectors, to permit like-for-like comparisons to be made.

Unless otherwise indicated all figures sourced from Morningstar, Financial Express, Datastream, BNP Paribas and Henderson Global Investors. Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.

Where stated, fund size at 12pm on last business day of the month.

If you invest through a third party provider you are advised to consult them directly as charges, performance and terms and conditions may differ materially.

Downloads

Understanding investment risk

The value of an investment and the income from it can fall as well as rise and you may not get back the amount originally invested. Past performance is not a guide to future performance. For details on the risks associated with this investment product, please see the factsheet available above.