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Henderson bides its time on time on multi-asset

Henderson’s multi-manager team are not allowing the wave of enthusiasm over multi-asset to force their hand to use the full range of investments allowed under the non-Ucits retail scheme rules.

The company says there have been many product launches and revamping of existing funds as multi-asset funds. These can invest in a range of asset classes such as hedge fund strategies, exchange traded funds and derivatives.

The multi-manager team say they keep these opportunities under consideration but feel that investments made without proper due diligence and risk assessment could be costly. As a result of this cautious approach, they will continue to invest in alternative asset classes only when they feel it is appropriate.

The team have previously invested in ETFs and are waiting to see if short and leveraged ETFs – which are currently focused on commodities – will appear for wider indices. They have also used derivatives to short the FTSE 100 index when the index has fallen.

Multi-manager director Bill McQuaker says: “The funds have the flexibility to hold all manner of product types and asset classes. When an opportunity presents itself, we will look to take advantage, wherever it may be.”

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