Henderson Global Investors has rolled out a new Luxembourg-domiciled Pan European Dividend Income Fund aimed to deliver income above the market average from pan European stocks.
The Ucits fund will be denominated in euros and managed by Nick Sheridan.
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Sheridan, who also manages the Henderson Horizon Euroland Fund, has access to five equity analysts within the European equities team and works closely with the other European equity fund managers at Henderson.
The fund will be managed using a methodology that eliminates market noise and identify stocks that offer the biggest discount to fair value.
Sheridan said: "The investment strategy I use in the existing Euroland fund can be applied to identify high yielding European companies that are priced below their intrinsic value.
"When compared to other global assets, the dividend yield on European equities looks competitive. According to the Henderson Global Dividend Index, European dividends have grown 11.2% since 2009."
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By GlobalDataHenderson head of European retail sales Steven de Vries said: "We are launching this fund to meet the needs of our clients. In a low yield world, our clients are still looking for income. Europe continues to present opportunities to investors, as the valuations of European equities remain competitive.
"Given Nick’s established performance and the income investment opportunities in Europe, we feel it is a good time to build out our dividend products with a regional focus across Europe."
