Cordery focuses on Income

Schroder Corporate Bond and Monthly High Income manager keen to improve diversification

With little scope for credit spreads to tighten further, Adam Cordery, manager of the Schroder Corporate Bond and Monthly High Income funds since the start of July, has been focusing on income generation. Cordery joined Schroders in June this year from Invesco Perpetual, where he ran Extra Income, Global and European High Yield products for its European clients. Generating income on the Schroders funds is now his major priority, he said. To achieve this, he has increased the number of investment grade corporate bonds in both vehicles and reduced their positions in sovereigns and quasi-sov...