Hendersons to merge its Europe funds

Henderson Investors European Value unit trust is to be merged with Henderson European as part of group's move to an Oeic. The structure will also allow IFAs to receive renewal commission for the first time for investments outside Isa or Pep transfer wrappers. As Investment Week reported on 26 June, the group is to establish two umbrella structures, a UK & European and a Global Oeic. John Botham who currently manages European Value will run the merged European fund. Simon Ellis, sales director at Hendersons, said: "We decide to merge the two portfolios because they were run in a similar...