Schroders will try to fight back into the institutional market this month with a fund which allows small pension schemes to replicate the investment strategies of giant final salary schemes, according to the Times .
The fund manager, which last month lost Strathclyde Pension Fund, one of its biggest clients, has made a number of appointments to strengthen its institutional team. Schroders suffered net institutional outflows of £4.6bn in the first half of 2006 and a net outflow of £1.8bn in the third quarter. It is also thought to have lost part of the mandate to run a portion of the BBC’s £8bn pension fund, says the paper. The new product will be called the Schroders Diversified Global Equity Fund and it will allow institutional clients to invest in a core portfolio of UK and international stocks...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
