Schroders launches global multi-asset income fund

Schroders has launched a Luxembourg-domiciled Global Multi-Asset Income fund for recent hire and multi-asset head Nicolaas Marais.

The product will sit in the group's ISFi range and be lead managed by Aymeric Forest, senior multi-asset fund manager.  It aims to pay a 5% per annum distribution in equal quarterly or monthly instalments, and make total returns of 7% per annum over a full market cycle. Marais said: "In a low-yielding environment investors are increasingly struggling to narrow their retirement gap without taking on significant risk. In looking for income, their choices have been mainly limited to either bond or high dividend equity funds. "Our Global Multi-Asset Income product is designed to overco...