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Schroders adds global energy fund to its three portfolios

Schroders’ multi-manager team has added Investec’s global energy fund to all three of its portfolios.

The Investec fund, managed by Tim Guinness, has been added to the Schroder S&P high alpha, Schroder S&P strategic balanced and Schroder S&P cautious-managed distribution portfolios.

Schroders head of multi-manager team Andrew Yeadon says he believes energy prices should continue to stay higher than consensus forecasts.

He says oil prices will remain high for some time due to the tight supply and demand situation and ongoing geopol- itical tensions.

Yeadon says he classifies specialist commodity related funds, such as Investec global energy fund, as alternative investments because of the way they behave. He hopes to make good absolute returns from the holding and likes the fact that energy-related stocks generally have a low correlation with global equities.

Yeadon says: “The Investec global energy fund is by far the best fund of its type. Tim Guinness’s track record is very impressive.”

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