Hendersons shifts fund of funds benchmarks

Henderson Global Investors is changing the benchmarks on its fund of funds range, following the deci...

Henderson Global Investors is changing the benchmarks on its fund of funds range, following the decision to close two of its five portfolios. 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% equities, for example. By switching to a peer group benchmark, the multi-manager team will be able to move the fund to 100% bonds or a 60%-40% equity split, depending on Hendersons' asset allocation decision and what the peer group is...