Schroders has launched a fund, which will invest in Brazil, Russia, India and China.
The Schroder ISF Bric fund, will be managed by Allan Conway and Waj Hashmi and will invest in small to medium companies that are rarely covered by other analysts, according Rupert Rucker, product manager for emerging markets at Schroders. The fund uses the MSCI EM BRIC Index as its benchmark. There are around 30-60 stocks in the portfolio. It is Luxembourg domiciled and is available throughout Europe including the UK. The minimum investment is E1,000 (£). Initial charge is 5.26% which intermediaries can take commission from. The annual management charge is 1.5%. Rucker said: “Presently, t...
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