Schroders plans Gold and Metals fund

Group adds to commodities range with precious metal portfolio, accessing market through ETFs, equities and futures

Schroders is launching what it believes to be the first long-only vehicle offering exposure to gold and metals through the futures market. Gold & Metals will sit in the Alternative Solutions range alongside Agriculture and Commodity, which together have around $9bn AUM, and Global Energy. Scheduled to launch on 1 July, it will be co-managed by Robert Howell, who runs the Commodity fund, and analyst Paula Bujia. The fund will consist of futures, physically-backed exchange-traded funds (ETFs) and equities. Matthew Michael, product manager at Schroders, said the managers are currently ...