Schroders to merge away climate change fund

Schroders is set to merge its Global Climate Change fund into the QEP Global Core fund at the end of September.

The £31m fund will be merged into the £852m QEP Global Core fund on 26 September. The Climate Change fund, managed by Giles Money, has lagged the IMA Global sector over the year to 12 August, returning just 0.3% versus an average return of 3%. Money will cotinue running the fund and the Sicav version of the product will remain open to investors. The end of September will also see the merger of Schroders' Corporate Bond fund into the Cazenove Corporate Bond fund, which Investment Week reported in February. Robin Stoakley (pictured), managing director of UK intermediary at Schrode...