Schroders is considering launching a multi-asset fund in the Investment Management Association’s mixed investment 0-35 per cent shares sector.
The category was added as part of the IMA’s overhaul of the managed sectors last year. Its launch on January 1 was delayed until later in the month due to low demand. There are now 25 funds in the sector, compared with 13 at launch, with a total of £2.9bn worth of assets under management.
Schroders managing director UK intermediary Robin Stoakley says: “The only area we have not got a fund at the moment is in the mixed investment 0-35 per cent shares sector, the ultra-defensive category.
“We are interested to see what business flows go into that sector to see if we can launch a product there.”
PageRussell chartered financial planner Tim Page says: “There is demand for these types of funds but if they are too expensive, then the returns will be less than cash. Advisers must be aware of that.”