Two Janus Henderson European equity trusts propose merger to create £750m vehicle

Managed by O'Hara and Ross

The boards of Henderson European Focus (HEFT) and Henderson EuroTrust (HNE) have proposed merging both investment trusts to create an enlarged vehicle managed by Janus Henderson Investors.

In a stock exchange notice today (14 March), the directors said the merger will create the Henderson European trust, which will be co-managed by Tom O'Hara and Jamie Ross, the current portfolio managers of HEFT and HNE, respectively.  The combined trust will invest in companies predominantly listed in Europe ex UK, with a focus on the continent's "global champions", defined as large, established and well-managed businesses operating internationally, based in Europe.  Henderson European will hold a concentrated list of stocks, selected with no particular style bias, but with an emphasi...