Schroders is planning to launch a new global multi-asset fund for investors in the UK on 19 December 2014.
The new fund will follow a similar investment strategy as the existing Luxembourg fund, Schroder ISF Global Multi-Asset Income, which has £4bn in assets under management.
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Managed by a 100-strong global multi-asset team, the fund will invest in high yielding and high quality global fixed income and global equity securities.
The fund aims to target a total return of 7%, including a 4.6% yield with volatility between 5 and 7% annually.
Robin Stoakley, managing director of Schroders, said: "The proposed changes also highlight investors’ need for solutions which generate levels of income above current cash returns and offer the potential to protect and grow capital.
"The distribution yield will be attractive to those investors seeking consistent income, whilst its multi-asset approach provides greater diversification than is typically available from conventional bond, equity or balanced mandates," he added.
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