Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:A British Export Launches Four New Funds in the U.S. Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, June 28, 2013

A British Export Launches Four New Funds in the U.S.

Reported by Tommy Fernandez

Schroders [profile] has launched four fixed income mutual funds using, in part, the talent and resources gained from the December purchase of STW Fixed Income Management.

The new funds are:

  • the Schroder Long-Duration Investment Grade Bond Fund ;
  • the Schroder Broad Tax-Aware Value Bond Fund;
  • the Schroder Emerging Markets Multi-Sector Bond Fund;
  • the Schroder Emerging Markets Multi-Cap Equity Fund.

    The Schroder Long-Duration Investment Grade Bond Fund and the Schroder Broad Tax-Aware Value Bond Fund are newly branded funds that were existing funds managed by STW Fixed Income Management.

    The funds are managed by six portfolio managers dedicated to value-oriented fixed income. This team manages over $11.2 billion as of March 31, 2013. Had STW been part of Schroders on March 31st, the addition of the STW team and products would have increased Schroders’ assets under management in U.S. fixed income to $35 billion and increased global fixed Income to $86 billion as of that date, according to the company.

    “Schroders continues to focus on expanding its resources in fixed income, which is evident in the recent acquisition of STW. The adoption of these two mutual funds allows us to broaden our fixed income investment options available to the advisor community”, stated Carter Sims, Head of US Intermediary Distribution.

    Meanwhile, the two other funds were launched by Schroders' emerging markets team.

    Here is the press release:
    Company Press Release

    Schroders Expands Mutual Fund Line-up

      — New Funds to enhance product availability to US investors — New York, June 28, 2013 — Schroders, the $359.2 billion* global asset manager, announced the addition of four new U.S. mutual funds as it continues to expand its investment line-up for the U.S. market. Specifically, the funds are the Schroder Long-Duration Investment Grade Bond Fund (Investor Shares ticker: STWLX), the Schroder Broad Tax-Aware Value Bond Fund (Investor Shares ticker: STWTX), the Schroder Emerging Markets Multi-Sector Bond Fund (Investor Shares ticker: SMSNX) and the Schroder Emerging Markets Multi-Cap Equity Fund (Investor Shares ticker: SMENX). Schroders has been in steady growth mode in the US and the addition of these funds to its suite of products is a reflection of Schroder’s commitment to investing in and growing its U.S. business.  With the addition of these four funds, the Schroder U.S. mutual funds family grows to 13 different options.

      U.S. Fixed Income

    The Schroder Long-Duration Investment Grade Bond Fund and the Schroder Broad Tax-Aware Value Bond Fund are newly branded funds that were existing funds managed by STW Fixed Income Management LLC, a fixed income asset manager acquired by Schroders on April 2, 2013.  These Funds are managed by six portfolio managers dedicated to value-oriented fixed income. This team manages over $11.2 billion as of March 31, 2013 and has an average of nearly 20 years of experience in managing fixed income assets. Had STW been part of Schroders on March 31st, the addition of the STW team and products would have increased Schroders’ assets under management in U.S. fixed income to $35 billion and increased global fixed Income to $86 billion as of that date.

      The Schroder Long-Duration Investment Grade Bond Fund seeks to achieve a total return by investing in a portfolio of investment grade, long maturity fixed income securities. Sector allocation and security selection are determined based on an assessment of value rather than composition of the benchmark.

    The Schroder Broad Tax-Aware Value Bond Fund seeks to maximize after-tax total return over the long-term by investing in a portfolio of investment grade fixed income obligations. It primarily invests in tax-exempt bonds but will invest in taxable bonds when the portfolio managers believe they are undervalued. Sector allocation and security selection are determined based on an assessment of value rather than qualitative content of the benchmark.

      “Schroders continues to focus on expanding its resources in fixed income, which is evident in the recent acquisition of STW. The adoption of these two mutual funds allows us to broaden our fixed income investment options available to the advisor community”, said Carter Sims, Head of US Intermediary Distribution.

      Emerging Markets

    To further enhance Schroders’ strong emerging markets capabilities offered in the U.S., it has added two new funds to the platform.

      The Schroder Emerging Markets Multi-Sector Bond Fund seeks to provide a return of capital growth and income through investment principally in fixed income securities of governments and companies in non-developed, emerging market countries. This “multi-sector” approach integrates sovereign hard currency debt, local currency rates and currency, and emerging market corporate debt within an actively managed, strategic asset allocation framework that is less benchmark-constrained. The Fund’s portfolio managers average over 16 years of industry experience and draw on the expertise of 30-plus credit analysts across five continents, with in-market presence in seven major emerging countries.

      The Schroder Emerging Markets Multi-Cap Equity Fund takes an unconstrained approach that invests across the emerging markets equity landscape broadly across all market caps, with a focus on value, quality and yield. The team manages over $34 billion in assets as of March 31, 2013 and has over a 13 year record in managing global equity portfolios.

      “We have continued to focus on bringing our global expertise to the U.S. market, and the launch of the two new emerging market funds points to that focus,“ said Sims.  “Although the recent markets have been volatile, we expect demand to continue to remain strong within emerging markets over the long term as global growth continues to be sourced from these markets. We feel both of the Funds are positioned extremely well to capture the next wave of growth in each respective asset class.”

      About Schroder Investment Management North America Inc.

    Schroder Investment Management North America Inc. is a unit of Schroders plc (SDR.L), a global asset management company with approximately $359.2 billion under management as of March 31, 2013. Schroder’s clients include major financial institutions including banks and insurance companies, as well as local and public authorities, public and private pension funds, endowments and foundations, intermediaries and advisors, as well as high net worth individuals and retail investors. The firm has built one of the largest networks of offices of any dedicated asset management company with more than 360 portfolio managers and analysts covering the world's investment markets, offering a comprehensive range of products and services.

      Schroder Investment Management North America Inc. is an investment advisor registered with the U.S. SEC. It provides asset management products and services to clients in the U.S. and Canada including Schroder Capital Funds (Delaware), Schroder Series Trust and Schroder Global Series Trust, investment companies registered with the SEC (the "Schroder Funds"). Shares of the Schroder Funds are distributed by Schroder Fund Advisors LLC, a member FINRA. Schroder Investment Management North America Inc. and Schroder Fund Advisors LLC are indirect, wholly-owned subsidiaries of Schroders plc, a UK public company with shares listed on the London Stock Exchange.

      For additional information about Schroders, go to www.schroders.com/us.
     

    Stay ahead of the news ... Sign up for our email alerts now
    CLICK HERE

  • 0.0
     Do You Recommend This Story?



    GO TO: MFWire
    Return to Top
     News Archives
    2020: Q1
    2019: Q4Q3Q2Q1
    2018: Q4Q3Q2Q1
    2017: Q4Q3Q2Q1
    2016: Q4Q3Q2Q1
    2015: Q4Q3Q2Q1
    2014: Q4Q3Q2Q1
    2013: Q4Q3Q2Q1
    2012: Q4Q3Q2Q1
    2011: Q4Q3Q2Q1
    2010: Q4Q3Q2Q1
    2009: Q4Q3Q2Q1
    2008: Q4Q3Q2Q1
    2007: Q4Q3Q2Q1
    2006: Q4Q3Q2Q1
    2005: Q4Q3Q2Q1
    2004: Q4Q3Q2Q1
    2003: Q4Q3Q2Q1
    2002: Q4Q3Q2Q1
     Subscribe via RSS:
    Raw XML
    Add to My Yahoo!
    follow us in feedly




    ©All rights reserved to InvestmentWires, Inc. 1997-2020
    14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
    Privacy Policy :: Terms of Use