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Henderson Cautious Managed

Elite Rated by FundCalibre

This fund offers investors access to a portfolio of stocks and bonds, providing a combination of income and long-term capital growth. It invests predominantly in the UK,with smaller holdings in some global markets. The fund is limited to 60% equities.

Company Description

Henderson Global Investors was founded in 1934. The company has grown over the past few years through the acquisition of New Star and Gartmore. Consequently, funds are managed by autonomous teams with distinct investment strategies.

Factsheet_henderson_global_investors_logo

Fund Manager

Chris Burvill managed a fund of the same name at Investec from 1993-2002, during which time he established an impressive track record. He subsequently moved to Gartmore, which was later acquired by Henderson. Jenna Barnard and John Pattullo run a number of well-regarded fixed income mandates for Henderson. Stephen Payne joined Henderson and became a fourth co-manager on this fund in 2016.

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We aim to keep the fund as straightforward as possible, giving investors exposure to the growth and income potential of equities and bonds, with lower volatility than that of a pure equity fund.

Chris Burvill - Fund Manager

The Investment Process

Chris is responsible for the overall asset allocation between equities, bonds and cash. He and Stephen manage the equity portion of the portfolio with a traditional value-based investment strategy. They prefer companies with robust balance sheets trading on low valuation multiples. Jenna and John are responsible for populating the fixed income portion, which predominantly comprises investment grade bonds.

Risk

The fund uses diversification to reduce risk, so invests in a variety of different products, including lower risk bonds and cash. This makes the fund about half as risky as an investment into the UK stock market.

Our Opinion

Chris is tremendously experienced running this type of mandate and has demonstrated he can deliver returns through a wide range of market conditions. Also, the bond portion of the fund is managed by two stars of the fixed income space. In short, the talent at the helm of this fund, combined with the impressive track record, make it a strong proposition.

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©2014 FundCalibre Limited. All Rights Reserved. The information, data, analyses, and opinions contained herein (1) include the proprietary information of FundCalibre, (2) may not be copied or redistributed without prior permission, (3) do not constitute investment advice offered by FundCalibre, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a fund, and (5) are not warranted to be correct, complete, or accurate. FundCalibre shall not be responsible for any trading decisions, damages, or other losses resulting from, or related to, this information, data, analyses, or opinions or their use. The Elite Fund rating is subjective in nature and reflects FundCalibre’s current expectations of future events/behaviour as they relate to a particular fund. Because such events/behaviour may turn out to be different than expected, FundCalibre does not ,guarantee that a fund will perform in line with its FundCalibre benchmark. Likewise, the Elite Fund rating should not be seen as any sort of guarantee or assessment of the creditworthiness of a fund or of its underlying securities and should not be used as the sole basis for making any investment decision. FundCalibre disclaims any responsibility for trading decisions, damages or other losses resulting from any use of the Elite Fund rating.