Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at http://citywire.co.uk/wealth-manager/article/a747357

Schroders streamlines fund range

by Robert St George on Apr 23, 2014 at 10:29

Schroders streamlines fund range

Schroders has shut two funds stuck in out-of-favour asset classes.

The Schroder ISF Brazilian Equity fund launched in September 2011, but held less than £10 million at the time of its closure.

Managed by Eduardo Carlier since June 2012, the fund had lost 21.8% since inception, compared with a 12% decline in its benchmark MSCI Brazil 10/40 index.

The Schroder ISF Global Resources Equity fund, which was originally launched in May 2010, has also been closed. It too contained less than £10 million when it was liquidated.

The Global Resources fund was managed by Giles Money, who took it over from Sam Catalano in October 2012 after Catalano’s departure for Nomura. Since inception it had lost 11.9% while its composite MSCI World Materials/World Energy index had gained 16.3%.

‘This is part of an ongoing process in which we look at our fund range and address funds that have become unviable or for which we are no longer seeing sufficient client demand,’ said a spokesperson for Schroders, adding that the two funds affected were ‘too small to be managed cost effectively and are unlikely to grow in the near future’.

Alongside co-manager Simon Webber, Money continues to run the on and offshore versions of the Schroder Global Climate Change funds, which together hold almost £180 million. The onshore vehicle has returned 42.6% since its launch in September 2007, compared with 43.2% from its benchmark MSCI World index.

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Sponsored Video: Bringing it all back home


As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

Investing for income in a changing environment


With talk on interest rates on the horizon, our latest roundtable debate covers income investing against a changing backdrop

More about this:

Look up the funds

  • Schroder ISF Brazilian Equity A Acc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Schroder Global Resources Equity Fund
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Schroder Global Climate Change A Acc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

Look up the fund managers

  • Eduardo Carlier
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Sam Catalano
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Giles Money
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Simon Webber
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

Archive

On the road

Click here to find out more from the Audience Development team.

Sorry, this link is not
quite ready yet