MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, October 26, 2011 Schroders Plans a December Fund Launch 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. Anniversary RoadshowBesides 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. Printed from: MFWire.com/story.asp?s=38142 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |