Barclays has questioned the impact of Henderson's 'costly' advertising campaign, which featured former Chelsea manager José Mourinho.
In a note out this week, analysts at Barclays said the group's campaign - which started in October 2011 and ran throughout 2012 - has failed to boost flows into the company's funds, despite the use of such a high profile football manager. "The costly marketing campaign in 2012 (featuring José Mourinho) appears not to have had any dramatic effect on boosting flows," Barclays said. The analysts at Barclays - which has Henderson as an underweight - remain concerned about outflows from the company's range of equity funds in particular. Barclays added: "Lipper monthly flow data shows ma...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes