Wealth Manager - the site for professional investment managers

Register to get unlimited access to 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 Big City Bright Future

Big City Bright Future

Big City Bright Future, the brainchild of BlackRock, is a three-week work experience programme for school leavers looking to forge a career in the City.

Play Kames' Ennett: Trump good for US high yield, but beware Europe

Kames' Ennett: Trump good for US high yield, but beware Europe

Kames Capital’s head of high yield David Ennett believes the changing political landscape will be a positive for the US, but negative for Europe in 2017.

Play Philip Milburn: why inflation won't run out of control

Philip Milburn: why inflation won't run out of control

Kames bond fund manager views inflation as more of 'scare' than a 'problem' and is positioning his portfolios accordingly.

Read More
Your Business: Cover Star Club

Profile: from Batman Live to commodity beta

Profile: from Batman Live to commodity beta

Charteris may be a family affair, but the company is not at any risk of turning sentimental

Wealth Manager on Twitter