Two Fofs from Schroders

multi-manager

group adds to existing bespoke range with launch of two unfettered funds of funds this year

Schroders is to launch two unfettered funds of funds (Fofs) this year, building on its existing bespoke portfolio service. The group will look to offer a balanced fund for the IMA Balanced Managed sector, looking for 2% per year outperformance, and a vehicle for the Active Managed peer group with a 3% per year outperformance target. The annual fees on these vehicles will be 1.5% per year. The group has an existing Fof team of four, headed up by Andrew Yeadon, which already runs in excess of $1bn in assets for clients through a bespoke portfolio service. Robin Stoakley, executive director...