Schroders changes name and time horizon on absolute return fund duo

Brings in line with absolute return range

Schroders will rebrand its £223m Absolute UK Dynamic and £211m European Absolute Target funds in the autumn, as well as reducing their time horizon for delivering a positive return from three years to 12 months.

From 1 October, the Absolute UK Dynamic fund, co-managed by John Warren and Paul Marriage, will be called the Schroder UK Dynamic Absolute Return fund. From the same date, the European Absolute Target fund, managed by Steve Cordell, will be known as the Schroder European Equity Absolute Return fund. Schroders adds Global Gold fund to commodities range In addition, the company will cut the time horizon for delivering a positive return for both funds from "rolling three-year periods" to "rolling 12-month periods". A spokesperson said: "These changes will bring the funds into line ...