Hendersons alters benchmarks

group changes benchmarks on fund of funds after rationalisation of two of its five funds

Henderson Global Investors is changing the benchmarks on its fund of funds range, following the rationalisation of two of its five portfolios. Following the conclusion of market research the group conducted with intermediaries on what they are looking for in a multi-manager product, Hendersons decided it needed to compete on a more visible performance basis. As such, the group is adopting a peer group benchmark rather than the internal, fixed benchmarks it has been using. These internal benchmarks have meant its Distribution fund of funds was limited to holding 50% bonds and 50% equiti...