Schroders swaps benchmark on Dobbs' Asian Alpha Plus fund

Plans to convert £1.1bn Managed Balanced to UCITS

Schroders has changed the benchmark of its £526m Asian Alpha Plus fund managed by Matthew Dobbs (pictured).

The fund will see its benchmark switched from the MSCI AC Far East ex Japan index to the MSCI AC Asia ex Japan index, effective from 5 October. A Schroders spokesperson said: "The current benchmark has been in place since the fund's inception in 2007. "The new benchmark is a better comparator as it includes India, which is not included in the current benchmark. The change of benchmark will not impact the way the fund is managed." Investec's Mundy: Fund performance skewed by benchmarks and survivorship bias The fund has suffered in the latest emerging market rout, and is underperf...