Schroders to reopen $3bn Commodity fund to wealth managers

Schroders is to reopen its $3.1bn Commodity fund, run by Robert Howell, having restricted access to the vehicle in February 2010.

The fund, part of Schroders' Alternative Solutions range, is reopening its dollar share class for small institutions, in a move which will open it up to wealth managers. Launched in 2005, the fund is exposed to oil, gold and natural gas, as well as soft commodities and metals. Currently its top five holdings are in WTI crude and Brent crude oil plays, worth 10% of the portfolio each, as well as gold, natural gas and soybeans. The fund predominantly invests using futures, although it also holds some equity and ETFs. Despite remaining above $3bn, Schroders has determined there is ...