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Schroders builds on alpha fund success

Schroders is launching a European alpha plus fund modelled on its UK version which returned 8 per cent in its first year under Richard Buxton.

The fund, managed by Adriaan de Mol van Otterloo, will be a best ideas&#39 portfolio of 40-80 stocks, focusing on companies with hidden value and growth potential. Like its UK counterpart, the European fund will not be constrained by sector allocations within the benchmark – the FTSE Europe exc UK index – and can be invested 10 per cent in cash and the same amount in bonds.

Before its launch next month, three funds – European tech, European dynamic growth and European active value – will be merged into the alpha fund. Charges are 5.25 per cent initial and 1.5 annual. Commission is 3 per cent.

Hargreaves Lansdown senior analyst Meera Patel says: “Adriaan is a bottom-up stockpicker who has done fantastically with the European fund. I think that he will do a superb job with this one.”

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