Henderson HF Pan-European Smaller Cos - Forsyth Rating: A

The Henderson HF Pan-European Smaller Companies Fund is also a relative newcomer to the Forsyth Partners Fund Ratings Service, gaining its A rating in May of this year. Although manager Stephen Alder only took over as sole manager in April 2004, he has been co-managing the fund since early 2003 and has been with Henderson since 1998. Therefore we feel that he has the ability to deliver significant value added and have, accordingly, added the fund to this year's red hot selection. The manager is positive that small-cap earnings growth will continue to outstrip large cap-growth in 2005, t...