Aviva to take over Henderson International Property fund

Aviva Investors will take over the Henderson International Property fund from 2 August.

The International Property fund, which was formerly known under the New Star brand, re-opened to daily dealing on 12 February 2010 after being suspended for almost 14 months. Henderson director of UK retail Simon Hillenbrand says while the group is confident in the prospects for the asset class, it is in the best long-term interests of investors to have exposure to a larger and more diverse portfolio of properties. Following transition, subject to regulatory approval, Aviva plans to combine the assets of the £183m Henderson International Property fund with the £223m held in its existi...