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Schroders launches global currency fund

Schroders has launched its first managed currency fund.

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.”



Changing codes

Former New Star Asset Management chief investment officer Alan Miller made his return to the investment industry last month and has wasted no time in trying to ruffle feathers.


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