Schroders has unveiled an onshore version of Schroder ISF Global Recovery fund, following increasing demand from UK clients.

The Schroder Global Recovery Fund will be managed by Nick Kirrage, Kevin Murphy and Andrew Lyddon.

The fund aims to invest in global equities with classic recovery characteristics.

The fund will mimic the investment philosophy similar to that of the offshore fund, launched in 2013, and the onshore Schroder Recovery fund, which Kirrage and Murphy managed since 2006.

Kirrage and Murphy will continue to manage the existing Schroder Recovery fund.

Scroders said that the Schroder Recovery Fund is top quartile over a 3, 7 and 10 year period and second quartile over 5 years to 30 September 2015.

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Schroders managing director of UK intermediary Robin Stoakley said: "The launch of the Schroder Global Recovery Fund offers greater access to UK investors for this much sought after product. It will look to match the strong long-term investment performance of the Schroder Recovery Fund and the investment philosophy of Schroder ISF Global Recovery."

Andrew Lyddon said: "The major strength of recovery investing is the disciplined focus on buying attractively valued, out-offavour companies at all stages in the investment cycle.

"We seek to apply our approach consistently as whilst an unemotional, valuation-driven philosophy will not always be in favour, over longer time periods this investment style has generated exceptional returns."