Schroders is planning to extend its Maximiser income range with a US equity fund that will be the first in the suite to use a passive underlay, subject to regulatory approval.
The range currently consists of the £1bn Schroder Income Maximiser fund, investing in UK equities, and the £319m Asian Income Maximiser fund, which both use existing active equity mandates as an underlay, and a call option overlay to target an annual yield of 7%. Schroders is planning to expand the range with the launch of a US Maximiser fund, which will be launched between March and April 2017, subject to FCA approval. It will be the first time one of the group's Maximiser funds will use a passive underlay, which will invest in large-cap equities. The fund will also offer a lower ...
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