Fund Manager Q&A: Henderson European Focus

Please summarise your underlying strategy.

The strategy is a blend of top-down sector themes, combined with compelling stock-specific stories, with the aim of providing access to sustainable long-term growth trends in the European market. This is a contrarian strategy designed to capture long-term market momentum by correctly anticipating the catalysts for change in European (ex UK) companies and industries. Performance is expected to come primarily through stock selection and we take a long-term view, giving companies the opportunity and time to deliver on our original investment thesis.

Why do you believe European larger companies will prosper more in the foreseeable future than small and mid-cap companies?

We think that larger cap stocks offer the best prospects in Europe right now, with investors willing to pay a higher price for quality businesses where they perceiv