Henderson Global Investors has added to its Horizon range with the launch of the Henderson Horizon Global Natural Resources Fund. The Luxembourg domiciled SICAV will be sub-advised by Australian based fund management group, 90 West. Henderson acquired an initial 32.3% shareholding in May 2013 and increased the holding to 41.4% in May 2014. Executive Chairman, David Whitten, will be lead fund manager.
The Fund will primarily invest in high quality liquid assets from a universe of more than 1,000 global natural resource companies with a market capitalisation in excess of US$2bn. The portfolio will typically consist of 40 – 60 global natural resource stocks operating in the mining, energy and agricultural sectors.
David Whitten, says, “The 90 West team believes opportunities in the sector are heavily dependent on the quality of the resource itself. The long-term trends of increasing population, prosperity and urbanisation, particularly among developing economies, are leading to a rising global consumption of natural resources. These demands, combined with a constrained supply for certain commodities, provide a favourable investment climate and are captured through the investment themes within the fund.”
David Whitten was head of global resources at Colonial First State from 1997 – 2010. He has managed the 90 West Global Natural Resources Fund (distributed in Australia only), which is run on a similar basis as the Henderson Horizon Global Natural Resources Fund, since July 2012.
The 90 West investment team includes three specialists with more than 80 years’ combined experience.