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Schroders funds get top Lipper rankings

Schroders’ multi-manager strategic balanced and multi-manager high alpha portfolio funds have marked their three-year anniversaries with top 10 Lipper rankings in their respective sectors.

Since launch, the multi-manager strategic balanced portfolio has produced returns of 57 per cent and is ranked ninth out of 100 funds by Lipper. This compares with the IMA Balanced Sector average return of 45.4 per cent.

Similarly, the multi-man-ager high alpha portfolio outperformed the IMA Active Managed Sector average of 51.9 per cent with returns of 66.7 per cent. Lipper ranks this fund 10th out of 90 funds since launch in 2004.

Schroders says a three-year track record is still an important milestone for IFAs and believes it was helpful to run the funds as multi-asset portfolios from day one.

It concedes that it was late into the UK retail multi-manager market despite running offshore and private client portfolios on a multi-manager basis for many years.

Taking full advantage of the wider investment powers of the Ucits III and non-Ucits retail scheme regulations was its way of differentiating itself from multi-managers who were already in the retail market but were not investing in alternative asset classes at that time.

Schroders says being able to combine closed-ended funds and open-ended funds widened the scope of its investment opportunities.

Closed-ended funds do not need to be as liquid as open-ended funds, which enables them to invest in assets such as private equity and commer-cial property and makes multi-asset investing possible.

Head of multi-manager Andrew Yeadon says: “The multi-manager funds have performed really well and that is a credit to the fund managers we have selected.”


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