Schroders adds second low cost fund to range

Schroders has added a retail share class to its QEP Global Core fund to create the second offering in suite of actively-managed products with passive fund-style charges.

The portfolio’s total expense ratio is capped at 40 basis points and aims to outperform the MSCI World or equivalent index by 1% per annum, gross of expenses. It invests in a diversified portfolio of over 500 global stocks and is constructed to take active positions against the index. The fund is run by the group’s global quantitative equity products (QEP) team, headed by Justin Abercrombie, which runs £13bn in AUM. Robin Stoakley, managing director, UK intermediary, says: “This is the second in a suite of low cost, actively managed products we will offer investors. "We believe act...