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Schroders plans onshore Euro income maximiser

Schroders is planning to launch an onshore version of its European income maximiser once investors’ risk appetite returns.

The £42.4m Luxemburg-domiciled international selection fund European dividend maximiser launched in 2010.

It returned 2.5 per cent over the year to April 30, compared with its MSCI Europe benchmark, down by 6.2 per cent.

Schroders head of IFA sales Steve Jackson says: “The onshore version is on hold for now as investors do not want to buy Europe but it will be a fund we launch in the future.”

As a result of the eurozone crisis, there have been periods of risk-aversion where investors sell off perceived risky assets such as European equities. However, Jackson says investors are increasingly comfortable looking for income globally.

Bestinvest senior investment adviser Adrian Lowcock says: “The key to demand for an on-shore product will be down to whether investors feel Europe’s politicians have done enough to resolve the crisis.”

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