Schroders unveils currency fund

The Schroder ISF Global Managed Currency fund is an actively managed, multi-currency money market vehicle. It will invest in a diversified basket of currencies, and can, Schroders says, offer better returns than government bonds and standard money market returns. The fund aims to outperform the Global Currency Index by targeting an excess return of 3% pa and has the flexibility to invest in any currency around the world. Its focus will include opportunities generated by emerging market currencies. Clive Dennis will manage the fund with help from Schroders' commodity, bond and equity ...