The new the UCITS IV fund will be managed by the company’s head of currency Bob Arends and his team.
The Henderson Horizon Emerging Markets Currency (SICAV) fund complements the existing fund range comprising of the Henderson Global Currency fund Cayman structure, launched in May 2009 and the UCITS IV Henderson Horizon Global Currency fund launched in July last year.
Arends said they expect long- term global economic growth to be largely driven by growth in emerging markets. The emerging economies are already seeing upward pressure on interest rates as inflation takes hold.
"We expect EM interest rates to increase significantly as the central banks try to prevent their economies from overheating, and we expect the EM currencies to appreciate accordingly.
"An EM currency strategy, with good systematic risk control can deliver equity-like returns at significantly lower-risk. Currency is by far the most liquid asset class in the world and is still growing fast, with the strongest growth in EM currencies," Arends added.
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