The firm’s multi-asset team, led by Bill McQuaker, is designed to obey specific risk requirements of clients, from low to high.

Initially, the range will be made up of two funds: The Henderson Core 3 Income Fund will target a DT3 ‘low risk’ category; the Henderson Core 5 Income Fund, will target a DT5 ‘low medium risk’ category.

The funds do not have specific income targets or specific benchmarks but will be managed to deliver a “competitive” level of income, Henderson said.

“Estimations based on current market conditions would give a yield of 4 per cent for the Henderson Core 3 Income Fund and 5 per cent for the Henderson Core 5 Income Fund. Income distributions on the funds will be paid monthly, starting in November.

In total the multi-asset team manage more than £2.5billion in retail assets (based on figures from 30 June).