Henderson Global Investors has completed phase one of its previously-announced UK retail fund range rationalisation, a spokesperson has confirmed to WealthBriefing.

In February, the firm said it had identified funds with an “overlap of investment objective and policy,” or, where it believed a change to a fund would be “in the best interests of investors”. Accordingly, the following mergers have now taken place:

The Henderson European Value Fund has merged into the Henderson European Growth Fund, managed by Richard Pease and Simon Rowe;

The Henderson US Opportunities Fund has merged into the Henderson US Growth Fund, managed by Tom Marsico, Coralie Witter and Doug Rao;

The Henderson UK Strategic Capital Unit Trust has merged into the Henderson Global Strategic Capital Unit Trust, managed by Paul Craig;

The Henderson Extra Monthly Income Bond Fund has merged into the Henderson Fixed Interest Monthly Income Fund, managed by John Pattullo and Jenna Barnard, and;

The Henderson High Yield Monthly Income Fund has merged into the Henderson Fixed Interest Monthly Income Fund - also managed by John Pattullo and Jenna Barnard.

Seven additional funds are due to merge on 20 July, the details of which can be viewed here.