Schroders shakes up bond fund

Schroders is to rename and alter the mandate of its Global Bond fund as part of its fund range reorganisation, as exclusively revealed last week in Investment Week. This autumn the £14.9m portfolio will be renamed the Schroder Strategic Bond fund, to reflect a change in remit from investing in global government paper to corporate bonds. Bob Michele, global head of fixed income at Schroders, will continue to manage the fund, which over three-years to 2 June 2003, on an offer-to-bid basis, is ranked 37 out of 41 fund in the Global Bond sector, returning 5.0%, compared to the sector averag...