Henderson targets £150m with global income trust launch

Henderson Global Investors is aiming to raise up to £150m with the launch of its latest product, a global equity income investment trust.

The Henderson International Income trust (HINT) will be managed by Ben Lofthouse, who works alongside Job Curtis on the value and income team and is co-manager of the Global Dividend Income fund. It will target a 4% yield, rising 5% to 10% per year, through a portfolio of global equities, excluding the UK market, and will aim to pay a gross dividend of 4p per annum per share. Henderson says the trust is the only one in the global growth and income sub-sector to invest exclusively outside the UK. The trust will aim to generate a high and rising dividend as well as long-term capital ...