Fund of the week: Will new strategy pay off for this fund?

This fund has sold off stocks to concentrate its holdings in large-cap pharmas. Will it pay off? Its benchmark-beating track record suggests it will.

Fund manager John Bennett has embarked on a new direction in an effort to revamp the Henderson European Focus Trust (LSE: HEFT).

"We have moved to take more active sector positions against the benchmark in order to differentiate ourselves from other passive strategies in the market, albeit at the expense of greater volatility," Bennett told Investment Week.

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