We are initiating coverage of Henderson Horizon Asia Pacific Property A1 with a Morningstar Analyst Rating™ of Neutral. Portfolio manager Tim Gibson has made some promising steps in terms of formalising the investment process and building a team but investors will need patience to see if this ultimately bears fruit. Its track record has lagged both peers and the index and greater consistency is required for it to compete with more favoured Asian listed property options.
See the latest Morningstar OBSR fund rating news here.