Schroders sets up third low-cost fund
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Schroders is launching a third low-cost fund designed as an alternative to passive investing in anticipation of the RDR.
The dynamic multi-asset fund is available from August under the management of head of multi-asset investment Johanna Kyrklund.
The fund is being branched out of Schroders’ existing unit trust offering, the diversified target return fund, with the D class being made available to retail investors with a capped total expense ratio of 50 basis points, including an annual management charge of 45 basis points.
In addition to global core equities, the diversified multi-asset fund will invest in commodities, emerging market debt and global high yield. An allocation to fixed income will also be introduced to manage volatility and risk.
Managing director of UK intermediary Robin Stoakley says: “We want a typical equity-style return with lower equity volatility.”
Schroders opened its low-cost range in March with its UK core and QEP global core offerings.
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