Henderson to rename money market fund

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Henderson plans to rename its Enhanced Sterling Liquidity offering to reflect its investment...

Henderson plans to rename its Enhanced Sterling Liquidity offering to reflect its investment strategy more accurately. The £317m portfolio, which primarily invests in short-term deposits and money market instruments, will be called Henderson Cash fund from 1 August. Run by Tony Andrews, over 12 months to 21 July, the portfolio made a bid to bid return of 4.4% against a sector average of 3.6%, ranking 9th out of 27 in the cash peer group, according to figures from Morningstar.

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