Last October, The MFWire
reported that Schroder Investment Management North America
was in the throes of preparations for a fund launch. Now, the New York-based asset manager has formally unveiled its latest mutual fund offering, Schroder Absolute Return EMD and Currency Fund
The launch brings the number of Schroders' retail mutual funds to eight. Schroders also runs an institutional mutual fund.
The Absolute Return EMD and Currency Fund
hit the market December 15, said Jennifer Manser
, head of marketing & communications. Expense ratios are 115 basis points for Investor shares and 140 bps for Advisor shares. [prospectus
The fund is on the supermarket shelves at Schwab, Fidelity, TD Ameritrade and others.
Schroders is in discussions with wirehouses to distribute the product, Manser said.
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