Schroders has launched a new fund that targets a higher yield than traditional equity-income funds by investing in both UK large cap stocks and covered call options. The Schroder Income Maximiser is structured as a UK authorised unit-trust and is run by Richard Lloyd, head of the structured investments team. At launch, the portfolio holds 40 large-cap stocks which have been selected by Nick Purves, manager of the AA-rated Schroder Income fund. Thomas See, director of structured investments at Schroders, said: "The fund is a sub-set of the Schroder Income Fund as it will draw similar hold...
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