Fitch Ratings has assigned a ‘strong’ fund quality rating to the offshore Henderson Horizon Global Property Equities fund.
The ratings agency awarded the $777m (£497m) fund the second highest rating available based on its performance over three and five years.
However, Fitch notes that the fund has still not delivered the target 3% outperformance of the index in three of the last five years, which is attributed to the collapse of the global real estate markets between 2007 and 2008.
The fund has a portfolio comprised of 75-85 global property equities and broadly follows the EPRA/NAREIT Developed Real Estate index.
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