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Schroders and St. James’s Place announce new fund launches

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30/10/2015
Fund manager Schroders and the wealth manager St.James Places have announced new additions to their fund line ups in a busy week for product launches.

Schroders launched an onshore version of Schroder ISF Global Recovery, the Schroder Global Recovery fund, on 30 October. It is managed by Nick Kirrage, Kevin Murphy and Andrew Lyddon.

The fund mirrors the investment philosophy of the Schroder ISF Global Recovery and the Recovery funds, which Kirrage and Murphy have co-managed since 2006. The fund focuses on investing in global equities with classic recovery characteristics.

The Schroder Recovery Fund is top quartile over a three, seven and 10 year period and second quartile over five years to 30 September 2015, according to Morningstar figures.

Kirrage and Murphy will continue to manage the Schroder Recovery fund and the Schroder Income Fund going forward.

“The major strength of recovery investing is the disciplined focus on buying attractively valued, out-of-favour companies at all stages in the investment cycle,” said Andrew Lyddon, co-manager of the Schroder Global Recovery Fund.

“We believe there is a strong case for the recovery of value from currently depressed levels. Value has underperformed growth for the longest period on record and is currently trading at the widest discount to growth since the Dotcom bubble in 2000. This is unusual, and history suggests that value should recover and outperform over time.”

Meanwhile wealth manager St. James’s Place is set to launch two new funds on 2 November 2015.

The Diversified Bond fund will be managed by a team of investment managers from three leading investment firms: Payden & Rygel, Brigade Capital Management and TwentyFour Asset Management.

The fund will invest across global fixed-interest markets, including sovereign debt, investment grade corporate bonds, and European and US high-yield credit, and has been classified as lower-medium risk.

The Strategic Income fund will by a blend of specialist investment managers from both the UK and US: MidOcean Credit Partners, Schroders, BlueBay Asset Management and TwentyFour Asset Management.

The fund will primarily invest in fixed-interest assets, and will have low sensitivity to interest rates owing to low duration.

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