Schroder changes

Ian McVeigh has taken over running Schroder Income Growth from Chris Rodgers. The change is as a result of Schroders setting up a specialist team to manage income oriented portfolios. McVeigh already runs Schroder Split. Rodgers is regarded as more of a growth manager and took over the running of Schroder UK Growth from Jeremy Rigg in December 1999. Rigg has since joined Investec Guinness Flight. Income trusts have endured a bad six months with the sector underperforming the FTSE All-Share index by almost 10% and trading at a discount of 16%. Over the six months to 29 February, Schroder ...