Henderson Global Investors has launched its core solutions range, which will initially consist of two lower cost risk-targeted multi-asset income funds.
The funds will be managed by the multi-asset team, headed by Bill McQuaker, which have been risk targeted by Distribution Technology.
The Henderson Core 3 Income is targeting low risk while the Henderson Core 5 Income fund will target low medium risk.
The funds will not have specific income targets or benchmarks, but will be managed to deliver “a competitive level of income”.
Based on current market conditions the Henderson Core 3 Income fund would give a yield of 4 per cent, while the Henderson Core 5 Income would yield 5 per cent. According to Henderson, income distributions on the funds will be paid monthly, beginning in November.
Head of multi-manager funds Bill McQuaker says: “The intention with these funds is to provide advisers access to a range of lower cost income-generating funds, safe in the knowledge that their clients will remain within defined risk parameters over the medium to long term.
“The Henderson Core 3 Income and Henderson Core 5 Income Funds complement our existing unconstrained multi-manager range, providing additional investor choice for those who prefer lower cost risk-targeted portfolios.”
Both funds have a minimum investment of £1,000 and carry a 1.2 per cent annual management charge. They will both be included in the IMA Unclassified sector.