Henderson Group (ASX: HGG) is set to begin selling its funds to local investors after finally receiving approval to set up an investment business in Australia

Livewire Equities

Henderson Group (ASX: HGG) is set to begin selling its funds to local investors after finally receiving approval to set up an investment business in Australia. The licence may be approved by ASIC over the next few weeks allowing the company to launch its first Australian-domiciled fund. With a market capitalisation of A$2.8 billion, Henderson Group is expected to inject more competition in the equities funds management sector in Australia. The fund manager will be up against established players in the Australian market such as Magellan Financial Group and Platinum Asset Management. (VIEW LINK)

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