Schroders is set to launch a fund offering exposure to gold and metals via the futures market.
The Schroders Gold & Metals fund, set for launch on July 7, will join the firm’s Alternative Solutions range sitting alongside the Agriculture and Commodity funds.
Robert Howell, manager of the Commodity fund, will run the new vehicle, which can invest in up to 24 metals, alongside commodity analyst Paula Bujia.
Schroders sales director, Neil Bridge, says the firm is currently cautious on gold but expects it to surge in the near future.
The vehicle will be 25% benchmarked against the Rogers Gold index and 75% against Rogers Metals, which contains a 10% weighting in gold.
Minimum investment in the fund is £1,000. There is an initial charge of 5% with an annual charge of 1.5%.
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