Schroders to launch UK large-cap fund in 2004

Schroders was planning to launch an actively managed specialist UK large-cap fund, to fit alongside ...

Schroders was planning to launch an actively managed specialist UK large-cap fund, to fit alongside its existing small- and mid-cap offerings. The fund, which was to be run by Jeremy Smith, a member of the core UK equity team at the group, was going to be run on a concentrated and aggressive basis but, unlike the group's alpha vehicles, it would have been benchmark rather than total return driven. Robin Stoakley, managing director of UK retail at Schroders, said the lack of pure large-cap funds, which were benchmarked against the FTSE 100, in the UK was one of the main reasons the group was...