Schroder Investment Solutions has cut the fees and changed the names of some of its multi-asset funds.
The funds’ fees are being dropped to a maximum of 22 basis points, from 29bps, and they will also be renamed.
The renaming includes more clarity on the portfolios' level of risk.
Current fund name | New name |
Schroder Tactical Portfolio 7 | Schroder Global Multi-Asset Adventurous Portfolio |
Schroder Tactical Portfolio 6 | Schroder Global Multi-Asset Growth Portfolio |
Schroder Tactical Portfolio 5 | Schroder Global Multi-Asset Growth Portfolio |
Schroder Tactical Portfolio 4 | Schroder Global Multi-Asset Moderately Cautious Portfolio |
Schroder Tactical Portfolio 3 | Schroder Global Multi-Asset Cautious Portfolio |
Source: Schroders
Gillian Hepburn, head of UK intermediary solutions, said Schroders’ UK Financial Adviser Survey highlighted the “growing appetite” among advisers for outsourced investment solutions, in particular multi-asset funds, and that performance and cost are the two key considerations when picking funds.
“We believe that advisers require a range of investment solutions within their centralised investment proposition and these funds sit alongside our full range of model portfolios (active, strategic index and sustainable) and the blended funds which combine active and passive investing."
sally.hickey@ft.com
