Henderson fund follows UK sector's need for office space

The Henderson Horizon Global Property Equities fund is favouring the UK commercial market as well as Australian property companies. Patrick Sumner and Sara Bellenda have been managing the fund since its launch in January 2005. It has produced an annual return of 22.2% since inception versus its benchmark the EPRA/NAREIT Global index of 19% as at 31 May. Sumner says: "We remain positive on the global property market outlook over the medium term as office rents recover in a number of markets and investors' appetite for relatively stable, higher-yielding stocks show no signs of diminishin...