InvestmentsMay 28 2013

Schroders rolls out ‘low-cost active’ fund further

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ByNick Reeve

Schroders has added its £691m QEP Global Core fund to the Skandia and Fidelity FundsNetwork platforms, refreshing its promotion of ‘low-cost active’ funds.

The fund, run by the QEP team led by Justin Abercrombie, was revamped in March 2011 and launched to UK retail investors as the second of three funds promoted by the firm as low-cost actively managed products.

Since the relaunch of the fund it has failed to fulfil its initial objective, to outperform the MSCI World index by 1 percentage point a year. Between March 1 2011 and May 27 2013 the fund performed in line with the index, gaining 26.6 per cent.

The QEP Global Core fund is now available on 17 platforms. The fund’s ongoing charges figure is estimated at 0.4 per cent.