UK - Schroders has launched a Sterling Broad Market Bond Fund to complement it range of UK institutional fixed income funds.
The fund will invest in a combination of UK and overseas government and corporate bonds, the firm said.
Jeremy Cave, head of UK fixed income, Schroders, said: “Institutional investors all want their assets to work harder for them.
“The Sterling Broad Market Bond Fund achieves this by giving investors the potential of higher returns relative to a traditional single market investment strategy.”
The fund is targeting a return 100 basis points above the return of the Merrill Lynch UK Broad Market Index, net of management fees. Schroders said it would offer institutional investors greater portfolio diversification and benchmark positions in overseas bonds, high yield and emerging market debt.
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