Schroders Announces Executive Changes, Effect from August 15, 2014
Jul 3 14
Schroders has hired two fund managers after being awarded a mandate to run an investment trust. The company had hired Tom Walker and Hugo Machin from AMP Capital as part of a new global property securities team. Mr. Walker, who was deputy head of AMP and Mr. Machin, who was head of European listed real estate, will run the trust together. Schroder Property's Ben Forster, who has been part of the property team for more than seven years and has worked as an analyst in the property multi-manager team will transfer across to the newly created team as a fund analyst. A further fund analyst has also been appointed who has seven years' property securities experience and will join the team in August. The newly created GPS team will report to Neil Turner, head of indirect property investment, and will work closely with Schroders' existing GPS specialists based in Asia and North America. The team will take on the investment management of the Schroder Global Property Securities fund, the Schroder Global Property Income Maximiser fund and Schroder ISF Global Property Securities from EII Capital Management with effect from August 15, 2014. The investment objectives of the funds remain unchanged and EII Capital Management will continue to manage a number of other existing segregated client mandates on behalf of Schroders.
Schroders Introduces Schroder Global Multi-Asset Income Fund and Schroder Global Strategic Bond Fund
Jun 23 14
Schroders announced the launch of two new U.S. mutual funds as part of its commitment to offer investors a broader set of global solutions. The Schroder Global Multi-Asset Income Fund (GMAI) is a diversified portfolio that seeks to maximize income and manage volatility by investing directly into both equities and fixed income securities around the globe. GMAI offers investors the potential to fulfill a broad range of goals, risk reduction and income both in and out of retirement. The Schroder Global Strategic Bond Fund is an actively managed portfolio with the flexibility to invest in the best opportunities throughout the fixed income universe. The Fund offers investors the potential for total return in different market environments--including periods of rising rates. Global Multi-Asset Income: The Global Multi-Asset Income Fund seeks to generate an attractive level of income on a sustainable basis through security selection and dynamic asset allocation, while seeking to deliver capital growth over the medium to longer term. The Fund's benchmark is unconstrained which enables the team to be flexible in its search for the best risk-adjusted income opportunities across regions, asset classes and sectors. The Fund will be well diversified and invested directly into equity and fixed income securities, while focusing on high quality companies with positive cash flow and strong balance sheets. There is also a strong focus on risk management at both the security and portfolio level, in seeking to minimize the volatility of investor capital. The fund's portfolio managers draw on the expertise of over 100 investment professionals in the Multi-Asset team who manage $91 billion for clients around the world as of March 31, 2014. The Fund is the U.S. version of a substantially similar fund managed by Schroders for non-U.S. investors, which recently marked its two-year anniversary after delivering on its objectives since inception and has $5 billion in assets under management with investors across Asia, Europe, Latin America and the Middle East as of June 13, 2014. The search for income has increased due to lower bond yields, changing demographics and lower global growth prospects. The Fund was created in response to the challenges and aims to help investors who need to draw income from their portfolios but do not want to move into higher risk asset classes. The Schroders' solution mitigates the risks posed by single-asset-class income funds, which are often highly concentrated and will not necessarily fare well in a rising interest-rate environment. Global Strategic Bond: The Global Strategic Bond Fund aims to seek out the best opportunities in global bond markets and provide the greater investment potential. The Fund enables investors to invest tactically and strategically across the whole spectrum of global fixed income sectors, regions, asset classes and FX. It is essentially a multi-sector fixed income product with a twist--and the twist is that the strategy aims to avoid any directional bias to generate a positive return in any market environment over the long term. Risks: It is possible to lose money on an investment in the Funds. Each Fund will be affected by the investment decisions, techniques, and risk analyses of the Fund's investment team, and there is no guarantee that either Fund will achieve its investment objective. The values of investments held by either Fund may fluctuate in response to actual or perceived issuer, political, market, and economic factors influencing the financial markets generally, or relevant industries or sectors within them. Fluctuations may be more pronounced if a Fund invests substantially in one country or group of countries or in companies with smaller market capitalizations. Other principal risks of investing in the Funds include: Portfolio Turnover, Emerging Market Securities, Foreign Investment, Currency, Interest Rate, Credit/High-Yield, Non-Diversification, Valuation Risk, Inflation/Deflation Risk, Derivatives, Liquidity Risk and Convertible Securities.
Schroders plc Appoints Sheila Nicoll as Head of Public Policy
Jun 23 14
Schroders plc announced the appointment of Sheila Nicoll to the newly created role of Head of Public Policy. Sheila will report to Massimo Tosato, Executive Vice Chairman of Schroders plc. Sheila was previously Senior Advisor at EY, focused on the asset management sector and was Director, Conduct Policy at the Financial Services Authority (FSA) between 2009 and 2013.