Henderson Global Investors
] is re-branding two of its funds, cutting their fees and even adjusting one's investing strategy. On Wednesday the Chicago-based mutual fund firm filed to change the Henderson Global Opportunities Fund
and the Henderson Japan-Asia Focus Fund
into the Henderson Global Leaders Fund
and the Henderson Japan Focus Fund
, respectively, effective June 1 [see filing
Both funds previously included a management fee of 100 basis points, which Henderson is cutting to 80 bps for the Global fund and 75 bps for the Japan Fund. That puts the total price of the Global fund at 140 bps for A shares and 215 bps for C shares; the Japan fund will cost 135 bps for A shares and 210 bps for C shares.
While the Global fund's strategy will remain unchanged, Henderson is adjusting the Japan fund's strategy. Previously the fund invested at least 75 percent of its assets in Japanese companies and at least 80 percent in Asian companies (including Japanese ones). Now, The MFWire
has learned, the fund will simply invest 80 percent of its assets in companies tied to Japan.
Stay ahead of the news ... Sign up for our email alerts now