Henderson launches credit funds

Henderson Global Investors has launched the Henderson Horizon Emerging Market Corporate Bond Fund and the Henderson Horizon Global Corporate Bond Fund to extend its fixed-income offering.

Greg Jones, Henderson’s head of Europe, the Middle East and Africa retail and Latin America, said: “We are launching these Luxembourg-based Sicav funds to meet the needs of our clients seeking sophisticated fixed income funds in the global and emerging market credit space.”

Key Features

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■ The Luxembourg registered funds will have undertakings for the collective investment of transferable securities status and be denominated in US dollars.

■ The Emerging Market Fund’s objective is to deliver a total return in excess of its benchmark.

■ The objective of the Global Corporate Fund is also to deliver a total return, but by investing primarily in investment grade corporate bonds.

■ The funds will be managed by Steve Drew, head of emerging market credit and James Briggs, fixed-income fund manager, respectively.

Adviser View

Paul Coffin, wealth manager at London-based Capital Financial Markets, said: “There is a lot of demand for income and there are some really good emerging market companies with good balance sheets. There is not a massive selection of funds like this so it is very good that Henderson is launching new ones.”