Schroders to launch Asian Income Maximiser

The fund, which subject to FSA approval will launch in June, targets an initial gross yield of 7% through an actively managed portfolio of higher-yielding Asian stocks with a covered call option overlay to enhance the yield. Richard Sennitt, manager of Schroder Asian Income fund, will be responsible for stock selection, while co-manager Thomas See will implement the call writing overlay. The strategy is similar to the popular Schroder Income Maximiser fund, which has hit its yield target in each of its four years since inception. Schroder Asian Income Maximiser will follow a simila...