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Schroders waives initial charge on multi-manager Isas

Schroders is gearing up for the Isa season with a special offer to promote its multimanager portfolios.

The initial charge on the Schroder S&P high alpha, strategic balanced and cautious managed distribution portfolios will be waived or up to 5 per cent commission offered until April 5, 2007. The offer applies to all direct unit trust and Isa business and applications through Cofunds, Transact and FundsNetwork.

Schroders expects multi-manager funds to be popular during the Isa season and believes the multi-asset approach of its funds will provide a competitive edge.

It particularly expects the cautious managed distribution portfolio to attract interest because it is not constrained by target income yields when the manager selects the underlying funds. Schroders says this allows it to achieve potentially higher returns while keeping volatility to a minimum.

Head of multi-manager Andrew Yeadon says: “Over the last year, asset allocation has been very helpful to the cautious managed distribution fund. We have reflected our positive view on equities by operating towards the sector’s 60 per cent maximum weight in this asset class. At the same time, we maintained exposure to Japan, Asia, emerging markets, energy, private equity and commercial property, which were all well rewarded.”

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