Schroders launches its first credit income fund

Schroders has launched a credit income fund, claiming it will make clients’ money “work harder for them” due to a flexible strategy.

The Schroder ISF Global Credit Income fund – which is the firm’s first product of this type – will invest globally across markets such as investment grade and high yield corporate bonds, bonds in emerging markets, and in asset-backed securities.

The fund will be unconstrained, meaning it will not be managed against a benchmark.

Patrick Vogel, head of European credit and Michael Scott, Credit Fund Manager at Schroders, said in a statement: “Unlike funds that aim to outperform their benchmarks, where the funds’ total returns are largely governed by their benchmarks, the principal aim of this fund is to deliver a consistent and attractive income.

“Achieving this requires a more flexible strategy, where the investment team has the freedom to allocate across the broad global credit universe, aiming to capture the best opportunities and mitigate the risks, making our clients’ capital work harder for them.”

The London-based credit investment team has delivered 7.1% per annum return in their flagship Schroder ISF Euro Corporate Bond I Share over three years, the firm said.

©2016 funds europe

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