Schroder ISF global managed currency will be managed by Clive Dennis and is an actively managed, multi-currency, money market fund aiming to protect and increase global purchasing power over the long term.
The fund will invest in a diversified basket of currencies designed to offer returns which outperform government bonds and standard money market returns.
It aims to outperform the global currency index targeting an excess return of +3 per cent per annum.
The fund has the flexibility to invest in any currency around the world including emerging market currencies.
Schroders head of UK retail Robin Stoakley says: “Schroders wants to offer clients an alternative to cash deposits and government bonds that can deliver a higher yield, the potential for capital gains and, most importantly, help them to preserve their global purchasing power.”