Schroders plans to change the investment policy and rename the James Barrineau and Rajeev de Mello’s Schroder ISF Emerging Market Sovereign Bond fund, according to Fundweb.
The £10.9 million fund, which was launched in July 2012, will be renamed the Schroder ISF Emerging Market Local Currency Bond fund from 1 October 2013.
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The fund’s mandate will be amended to allow it to invest in a wider selection of fixed income securities.
Currently, the portfolio has to be primarily invested in bonds issued by governments, government agencies and supra-national issuers in emerging markets.
But after the overhaul the fund will also be able to hold emerging market corporate debt.
Schroders said: "These changes will bring the fund in line with the bulk of its peer group and give the managers more flexibility to drive future returns."
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By GlobalDataThe fund has lost 4.1% compared with the 3% gain seen in the JPM GBI-EM Global Diversified benchmark.
