Schroders to add hedged share class to Rose's Tokyo fund

Schroders is preparing to add a sterling-hedged share class to its £797m Tokyo fund as investors become more concerned about downside risk to the yen.

The top-performing Tokyo fund, managed by Andrew Rose, will gain the new share class later this quarter. Rose said the move is being made in response to demand from investors worried about the impact of the Bank of Japan’s latest stimulus measures on the safe haven currency. The BoJ announced last month it will take more aggressive measures to kick-start growth by doubling its inflation target from 1% to 2%. From January next year, the bank will begin buying ¥13trn ($146bn) of mostly short-term government debt each month until its inflation target is met. It hopes the measures w...