Henderson Global Investors has added the independent international portfolio trust to its fund of funds stable.
This unit trust aims to deliver capital growth by investing in unit trusts and open-ended investment companies that have a global focus. Fixed interest securities can also be included in the portfolio.
The independent international portfolio trust allows investors to access a variety of global funds from different fund managers. The fund manager will run with his best ideas for a portfolio of between 20 and 25 global funds.
The geographical make-up of the fund is diverse, encompassing the US, Europe, the UK and regions in the Far East. The US features heavily in the portfolio but it is almost matched by the level of investment in Europe and the UK.
Investors who are new to the investment scene could be drawn to this fund because the fund manager takes on the responsibility of selecting the best funds. More experienced investors who do not have the time to sift through information on every global fund that is available could also find this fund useful.
However, the US constitutes a large chunk of the portfolio when the economy of that country is slowing down and this might be off-putting for some investors.
According to Standard & Poor's the Henderson independent growth portfolio is ranked 21 out of 48 funds based on £1,000 invested on a bid-to-bid basis with net income reinvested over three years to April 21, 2001.