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Multi Choice From Schroders


Schroder S&P Cautious Managed Distribution Portfolio

Type: Unit trust fund of funds

Aim: Income and growth by investing mainly in a portfolio of collective investment schemes

Minimum investment: Lump sum 1,000

Investment split:38% UK equities, 35% fixed interest, 5% private equity, 5% property, 4% Europe, 4% Japan, 4% Asia Pacific, 5% cash

Isa link: Yes

Pep transfers: Yes

Charges: Initial 5.25%, annual 1.5%

Commission: Initial 3%, renewal 0.5%

Tel: 0800 718777

Schroders has added the Schroder S&P cautious mmanaged distribution portfolio fund to the Ucits III compliant multi-manager fund range it developed with fund research and ratings agency Standard & Poors last September.

Ferguson Oliver managing director Mike Ferguson believes there is a market for this product, as more advisers, and their clients, are becoming more familiar with multi-manager funds. He says: “The range and choice of the underlying funds are appropriate and would appear to have been prudently selected.”

Discussing the drawbacks of the fund Ferguson says: “The only real criticism is in relation to the charges. While not by any means the highest charges on the market, this fund is expensive and may prove overly costly for many investors. However, having said this, the charges are not excessive.”

In Fergusons view, Abbey multi-manager balanced will provide the main competition, but he believes the sector could benefit from fresh blood. “When investor confidence has been fully restored this style of fund will no doubt prove popular,” he concludes.


Suitability to market: Good
Investment strategy: Good
Charges: Average
Adviser remuneration: Good

Overall 7/10


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