Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Schroders merges away + rated bond manager’s fund

Schroders merges away + rated bond manager’s fund

The £200 million Cazenove UK Corporate Bond fund managed by Citywire + rated Alex Smitten is to be merged with Alix Stewart’s £126 million Schroder Corporate Bond fund.

The combined fund will be managed by Stewart and will be called the Schroder UK Corporate Bond fund.

‘It is a very exciting time to be managing sterling corporate bond funds. Both of these funds have full flexibility to take advantage of the opportunities that are currently presenting themselves in global markets,’ said Stewart.

Schroders confirmed that Smitten would continue to manage wealth management mandates in the group’s fixed income team.

Over the past three years Schroder Corporate Bond has returned 15.6%, compared with an average of 22% from its IMA Sterling Corporate Bond sector. Through the same period Cazenove UK Corporate Bond has returned 22.1%.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Volatility spike: How ETFs can soften the blow

Volatility spike: How ETFs can soften the blow

ETFGI’s Deborah Fuhr discusses the role of ETFs in client portfolios during volatile market conditions

Play Winter market warmers, the post QE world and timing the Fed

Winter market warmers, the post QE world and timing the Fed

This week’s episode of Investment Pulse looks at the winding down of quantitative easing, whether to try and time a US Federal Reserve rate rise and if strong seasonal performers can reverse recent market slumps

Play JPM’s Negyal: Back divis to temper EM volatility

JPM’s Negyal: Back divis to temper EM volatility

Omar Negyal, co-manager of the JPMorgan Global Emerging Markets Income trust, says a dividend approach to emerging markets reduces the volatility of investing in the asset class.

Wealth Manager on Twitter