Schroders sets out strategy for Agricultural Land fund

The London-listed investment trust, domiciled in Guernsey, is seeking to raise up to £250m, to invest in a mix of unlisted vehicles holding land directly and agricultural land-related equities and commodities. Bridgeman expects to invest 75-80% of the assets in between 12 and 15 unlisted vehicles, and the balance in listed equities translating to 25% in EU countries, 35-40% in emerging countries, with the balance in developed markets such as Australasia and Canada. He is targeting overall net returns of 10-15% a year. He is will using two broad investment themes – that the growth in the g...