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Schroders cuts initial charge to celebrate first-quartile returns

Schroders’ three Standard & Poor’s multi-manager portfolios are offering a 2 per cent discount on the initial charge until December 31, 2005.

The discount to 3.25 per cent from 5.25 per cent is being offered to mark the funds all being in the first quartile since launch.

Head of multi-manager Andrew Yeadon cites their Ucits III flexibility and tactical asset allocation as key drivers of this performance.

The funds also benefit from access to S&P’s research capabilities to assist in portfolio selection.

Schroders’ multi manager team runs 780m for global clients. With net income reinvested, the S&P strategic balanced portfolio has achieved a one-year return of 20.32 per cent against a balanced managed sector average of 16.68 per cent while the S&P high-alpha portfolio returned 24.83 per cent against an average of 19.7 per cent in the active managed sector.

The S&P cautious mana- ged distribution portfolio has returned 10.46 per cent against a sector average of 6.93 per cent over the last six months.

Managing director Robin Stoakley says: “The multi-manager portfolios have had a fantastic first year, which is testament to our skilled management team and rigorous selection process. Multi-manager is a good investment solution for those looking to access a broadly diversified portfolio.”


Lloyds is pondering merger of Swip with Belgian bank Fortis

Lloyds TSB is reported to be mulling over a merger of Swip and Belgian bank Fortis’s asset management business which would create an investment giant with 155bn under management. Rumours have been rife in the industry following share price moves this weekend that Lloyds might spin Swip off into a joint venture with Fortis’ 68bn […]

No A-Day boom, says Aegon chief

Aegon does not expect A-Day to increase the volume of pension business significantly next year, saying it believes growth in the market will be broadly similar to this year. The firm says its life and pension sales were flat year on year over the first three quarters of this year but this masks strong business […]

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