Schroders to launch Global Property Income Maximiser fund

The Schroders Global Property Income Maximiser fund will target a 7% annual yield by utilising the same call writing overlay as the group's popular £727m Income Maximiser and £70m Asian Income Maximiser vehicles. Schroders' head of structured funds Thomas See will run the overlay - while stock selection will be made by EII's Jim Rehlaender, manager of the £546m Schroder Global Property Securities fund, as well as Al Otero. Rehlaender and Otero will aim to generate a yield of about 4% from a globally diversified portfolio of 60 to 80 global Reits and property securities, while See will...