According to Henderson, the purpose of the fund merger is to provide greater focus and clarity to the Henderson Sustainable & Responsible Investment (SRI) fund range.
The proposed fund merger is subject to FSA and investor approval, and the combined fund will continue to be managed by Tim Dieppe.
If approved, the funds are scheduled to merge in mid May 2011, and Henderson’s SRI product range will consist of The Industries of the Future fund (a Global Thematic fund), the Global Care UK Income fund and the Henderson Global Care Managed fund.
Henderson said investors will benefit from merging the funds as it will remove the duplication of the fund manager’s time and allow him to focus on one global thematic SRI fund.
SRI funds head George Latham said combining the funds will provide their investors with a more clearly defined proposition: a fund that invests in the Industries of the Future, which will also be supported by a revitalized set of ethical, social and environmental criteria to support our sustainable and responsible approach to investment.
