Schroders set to launch actively managed fund of funds.

Investment Adviser, April, 2008

Byline: James Kenny

Activley managed multi-asset Diversified Target Return fund is due to go live on 2 May

Schroder Investment Management is opening up the strategy behind its GBP713m institutional Diversified Growth fund to the retail universe.

The new Diversified Target Return fund, which is set to launch on 2 May, is an actively managed fund of funds, which will take a multi-asset growth approach, in a bid to provide stable returns even during volatile markets.

It will be managed by Johanna Kyrklund, head of the UK multi-asset team at Schroders, and co-manager of the institutional vehicle, who will aim to generate equity-like returns, but with a lower level of risk.

Risk will be diversified by investing across a variety...