Schroders unveils absolute return currency funds

Schroders has launched two absolute return currency funds, aiming to offer low risk cash plus returns from actively managed portfolios.

The Ucits III Schroder ISF Absolute Return Currency EUR and Schroder ISF Absolute Return Currency USD will be managed by Clive Dennis, head of currencies, and Hardeep Dogra. The managers will use a range of global cash instruments and currencies to deliver absolute returns, as well as long and short positions from a universe of over 30 different currencies. Schroders says currencies offer diversification as they have low correlation to other asset classes such as equities, bonds, commodities and property, while serving as an alternative to government bonds. Currencies also provide ...