Schroders raises fees on £1bn Corporate Bond fund

Schroders is to increase the ongoing charge on its All Maturities Corporate Bond fund to bring it into line with other funds in its range.

The £1bn fund, run by Alix Stewart and team, will see the ongoing charges figure (OCF) for its clean 'Z' share class increase from 0.47% to 0.57% next month. The change will ensure the fund's charging structure is in keeping with other products in Schroders' fixed income range, according to the asset manager. All Maturities Corporate Bond has outperformed peers in the IA Sterling Corporate Bond sector over the three years to 26 January, returning 33% versus an average of 22%. Schroders is also to increase the OCF on Kevin Murphy and Nick Kirrage's £677m Recovery fund for similar re...