Following the news that co-manager, Andrew McCarthy, is no longer a named manager (with effect from 30th January 2019) and is due to leave the firm in the coming months, we have decided to remove our ratings of the Janus Henderson European Focus and Janus Henderson European Selected Opportunities funds.

We had previously suspended the AA ratings of both funds in November 2017 upon three departures within the Henderson Pan European Equity team. The funds lead manager, John Bennett, remains in charge of both funds, but we are cognisant of the overall level of turnover within the team and ultimately our conviction has waned in the manager's ability to meet his long-term objectives.