Henderson Global Investors will change the name and investment objective on Matthew Beesley’s £60.4m International fund in December.
The group said it would be calling the fund Henderson World Select from December 2 and would change the investment objective to allow the manager to run a more concentrated portfolio of stocks.
“Fewer holdings mean that each individual share will have a greater impact on performance and can therefore increase potential reward,” it said.
It added it had changed the name because International suggested the fund did not purchase stocks in its country of domicile - the UK. However, Henderson said the fund did buy UK stocks and so would change its name.
The fund has produced a second quartile return of 43.8 per cent in five years to September 6 compared to the IMA Global sector average of 39 per cent, according to FE Analytics.