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Henderson distributes best of the best

Henderson Global Investors is expanding its fund of funds range with the introduction of the independent distribution portfolio trust.

This fund of funds is one of three recent additions to the Henderson range. It is different from the other funds in that it is concerned purely with income and is designed for those with a lower risk profile. It invests in unit trusts and open ended investment companies, mainly in the UK, that produce income. It also invests in fixed interest securities.

Independent distribution could be suitable for cautious investors seeking income from a wide range of funds from different fund managers. Investors, including those with individuals savings accounts and personal equity plans, could find this fund of funds a hassle-free way to manage their investments. However, they would need to feel confident that the fund manager is really picking the best of the best.

According to Standard & Poor&#39s the Henderson independent income portfolio trust is ranked 7 out of 12 funds based on £1,000 invested on a bid to bid basis with net income reinvested over one year to February 26, 2001.

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