schroders wants unitholder approval to use strategic bond fund as unfettered fof platform
Schroders is seeking unitholder approval to use its £39m Strategic Bond Fund, a fettered fund of funds (Fof), as the platform for its unfettered Fof, which it will run in conjunction with Standard & Poor's. Unitholders will be asked to vote on the change at a meeting on 13 August and if approved, the fund will change its name to the Schroder S&P Strategic Balanced Portfolio and will open to retail investors on 6 September. The fund will convert to Ucits III status and the group intends to use some of the additional investment powers allowed under these rules. The fund's manager Andrew Ye...
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