Henderson Plans New European Fund
June 18, 2001
Henderson Global Funds of Chicago has filed with the Securities and Exchange Commission to open a new fund that will invest in the stocks of European companies.
The Henderson European Opportunities Fund will invest 80 percent of its assets in European common stocks such as depositary receipts, preferred stock and convertible securities, according to the prospectus.
Class A, B and C shares will be available. The fund will have maximum sales charges of 5.75 percent on Class A shares and one percent for Class C shares. No fees will be charged for Class B shares, according to the prospectus. Two percent redemption fees will be charged for all three share classes.
The fund's lead portfolio manager will be Stephen Peak, who is director of Henderson Global Investors and head of the company's European specialist equities team, according to the prospectus. Henderson Investment Management Ltd., of London will subadvise the fund.
Henderson had $161 billion in assets under management at the end of last year.