Schroders plans European and Japanese focus funds

Schroders is to close its style-based funds and launch Europe and Japan-focused portfolios as part of its fund rationalisation planned for the autumn. In a consolidation from 34 down to 26 funds, Schroders will merge away the growth and value portfolios it launched almost three years ago and concentrate instead on mainstream and focused vehicles. The group will merge its Eurotech, European Dynamic Growth and European Active Value funds into one portfolio, Schroder European Alpha Plus, to be managed by Adriaan de Mol van Otterloo. Similarly, it will merge three Japan funds, Japan Dynam...