Schroders launches euro corporate bond fund for Cordery

Schroders has unveiled an ISF Euro Credit Duration Hedged fund for head of UK and European credit strategies Adam Cordery.

The fund aims to give investors exposure to opportunities in the European corporate bond market but without interest rate duration. The group said the launch reflects the concerns of some investors about the possibility of further rises in European interest rates and rising European government bond yields, which could erode the value of their bond investments. Cordery will manage the new fund in a similar way to his Schroder ISF EURO Corporate Bond fund, using similar investment themes and using the same resources, although the interest rate duration of the new fund will be managed cl...