Schroders unveils credit income fund

To be managed by Vogel and Scott

Schroders has launched its first credit income fund to be co-managed by Patrick Vogel and Michael Scott.

The fund, called Global Credit Income, will invest across global credit markets, in high yield, investment grade, EM sovereign & credit, as well as asset backed securities. The announcement follows the launch of the Global Multi Credit fund by the group in June, and both funds will  be managed by the credit team who are based in London and headed up by Vogel, head of European Credit and Scott, credit fund manager. Commenting on the launch, Vogel and Scott said: "Unlike funds that aim to outperform their benchmarks, where the funds' total returns are largely governed by their benchmark...