Schroder Investment Management [see profile]
, which recently hired
a national sales manager for its intermediary distribution team, is gearing up to launch its 10th mutual fund. The New York City-based firm plans to roll out the Schroder Absolute Return EMD and Currency Fund
sometime in December, said Carter Sims
, head of U.S. intermediary distribution, in an interview with The MFWire.com
The fund will employ a strategy that Schroders has made available to the institutional
market for 12 years. [preliminary prospectus
"We're continuing to expand our product offerings," Sims said. "We'll probably have a total of between 15 and 20 funds in the next couple of years."
Last month, Sims hired Wells Fargo Funds alum David Jodka
for the newly created post of national sales manager. Jodka heads up seven external wholesalers and four internals.
Besides preparing for the product launch, Sims' group has embarked on a six-week, 12-city roadshow to promote the fifth birthday of the Schroder International Multi-Cap Value Fund
Wholesalers will meet with around 500 advisors to talk about unconstrained investing and highlight the fund's five-year track record. The fund turned five in August.
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