Schroders fund manager Sonja Schemmann is handing over her two European income products permanently and her four global income funds temporarily when she takes maternity leave in December.
Head of European equities Rory Bateman and European and global equity fund manager Ian Kelly, who have worked with Schemmann for several years, are taking over three funds temporarily. They include the £60m Schroder global equity income fund, the Luxemburg-based £14.6m Schroder ISF global dividend maximiser and the £36.8m Schroder ISF global equity yield funds.
The Schroder income growth investment trust will be managed by Sue Noffke and the UK prime team in Schemmann’s absence.
The permanent changes will see Bateman and Kelly take over the Luxemburg-based £57m Schroder ISF European equity yield and £11m Schroder ISF European dividend maximiser funds.
Managing director of UK intermediary Robin Stoakley says Bateman and Kelly will bring “a great combination of experience and talent” when they take over the European funds.
He says: “I am confident that we can continue to deliver the competitive European equity performance that our clients have come to expect.”