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Schroders opens up offshore fund to UK retail market

Schroders has opened up Aymeric Forest and Iain Cunningham’s offshore global multi-asset fund to the UK retail market with the addition of a sterling share class.

The $1bn (£656m) Luxembourg-domiciled Schroder ISF Global Multi-Asset Income fund gained its retail sterling hedged share class on 27 March. The share class has a minimum investment of the sterling equivalent of $1,000 and carries an annual management charge of 1.25 per cent.

Schroders managing director of UK intermediary Robin Stoakley says: “We are pleased to be able to expand our offering within the UK retail space to include this fund, particularly given the strong demand for income that is currently being seen not just in the UK but globally.”

The fund has returned 11 per cent since inception in April 2012. It aims to pay a distribution of 5 per cent a year in quarterly or monthly instalments and has an expected 7 per cent annual total return over a full market cycle.

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