Schroders launches low cost UK fund for Buxton's team

Schroders is this month launching the UK Core fund, the first in a suite of low cost actively-managed products, for Richard Buxton's UK equity team.

The group says the fund is designed to offer investors a lower risk, transparent alternative to passive investing. UK Core will be co-managed by Sue Noffke, Andy Simpson and Jessica Ground, who form Schroders' UK Prime Team, a specialist unit within the broader UK equity team headed by Buxton. UK Prime is responsible for £4.7bn of assets. Subject to approval, the fund will have an estimated total expense ratio capped at 40 basis points. It will aim to generate outperformance after fees of 1% per annum versus its benchmark the FTSE All Share. The AMC will be 0.35%, with no initial c...