The independent fund manager is in the early stages of producing an in-house multi-asset portfolio, drawing on its diverse expertise across equities, specialist fixed income and other areas.
It already has what it calls a ‘core range of funds’, which use ETFs to deliver a low-cost multi-asset solution.
Henderson managing director of global distribution Greg Jones told International Adviser that he had a meeting in February with the heads of equities and fixed income to kick-start the process.
“This is something we are working on, to try and produce a best of Henderson product.”
Any new product will have to be approved by Henderson’s Global strategic product group, which he said “sense checks any new product that comes through”.
Three years ago, Henderson set out a five pillar strategy to build additional capacity and a growing fund range.
Growth strategy
“Some of those funds have reached a three-year maturity. Others have one or two-year track records, and we have got most of the angles covered.
“We have natural resources, a managed futures business and a US equities team based in Milwaukee, which we did not have three years ago. We have also now got a global emerging markets team based in Edinburgh, all of which can fit into a broader multi-asset piece.”
Jones added that the creation of a multi-asset offering was not a quick fix. “We are at the stage where we have said, ‘Okay, let’s look at this because we think it is a good idea,’ but it is not something that will be available by the first half of this year,” said Jones.
He hoped to have the concept and workings sorted out within the first half of this year, “and then it will be a product that we will push through either in the second half of this year or the beginning of next year”.
