Henderson launches two new credit funds
Henderson Global Investors (Henderson) has announced the expansion of its fixed income offering with the launch of the Henderson Horizon Emerging Market Corporate Bond Fund and the Henderson Horizon Global Corporate Bond Fund.
Both products will be managed by Steve Drew, head of Emerging Market Credit and James Briggs, fixed income fund manager for Henderson.
Steve Drew comments:Emerging market credit offers investors a unique investment proposition. They are paid an attractive risk premium because of the ‘emerging market’ label, despite the investment grade characteristics of much of the asset class. And while emerging market companies represent some of the largest and fastest-growing companies, their bonds are typically under-represented in investors’ portfolios.
James Briggs adds: “The launch of the Henderson Horizon Global Corporate Bond Fund is the culmination of eight years of globalising our fixed income capabilities. The fund benefits from a flexible investment approach, using the analytical strengths of a team based in both Europe and the US to identify opportunities across all geographies and all areas of the credit spectrum. The combination of conviction-led investing with a blend of macroeconomic analysis and fundamental security selection can allow the fund to exploit disparities in markets around the globe.”
Registered in Luxembourg, the Ucits funds are aimed at delivering a total return and exceeding the benchmark while investing mainly in investment grade corporate bonds.