Schroders has announced the launch of an unconstrained, concentrated European equity fund.
The ISF European Equity Focus fund aims to offer investors capital growth through a portfolio of up to 35 stocks. Rory Bateman, the head of European equities at Schroders, will run the fund.
The portfolio will focus primarily on European large caps and will not position its investments relative to a benchmark.
Richard Mountford, the global head of intermediary business at Schroders, says demand for European equities is increasing for products in the unconstrained high alpha category and that Schroders’ planned expansion is in an attempt to meet this demand.
Bateman says that while European peripheral countries will continue to experience substantial difficulties, the expectation is for the core European recovery to continue throughout 2011.