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 Potential US rate rise, cheap oil & the Europe opportunity

Potential US rate rise, cheap oil & the Europe opportunity

This week we analyse the implications of a possible rise in US interest rates, the impact of cheap oil and the European equity opportunity.  

Play Carmignac's Crowl: what QE could mean for Europe

Carmignac's Crowl: what QE could mean for Europe

The ECB is widely expected to finally fire its QE gun this week. Carmignac's Sandra Crowl discusses the implications for the eurozone.

Play Grexit worries, currency wars and a grizzly outlook for 2015?

Grexit worries, currency wars and a grizzly outlook for 2015?

The first Investment Pulse of the year looks at the potential impact of Greece leaving the euro, volatility in currency markets and the UK’s economic prospects.

Your Business: Cover Star Club

Profile: DIY investing is biggest threat to industry, says Whitechurch

Profile: DIY investing is biggest threat to industry, says Whitechurch

The industry is at risk of pushing potential investors down the DIY route unless it does more to make its services accessible says the Whitechurch Securities boss

Wealth Manager on Twitter