Equity IncomeApr 25 2017

Schroders adds US fund to Maximiser income range

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Schroders adds US fund to Maximiser income range

Schroders has expanded its range of maximiser funds with the launch of a US offering.

The Schroder US Equity Income Maximiser fund seeks to deliver a yield of 5 per cent a year, paid quarterly, by focusing on larger companies in the region.

As with other funds in the range, the portfolio will add a covered call option overlay to enhance its level of income.

Mike Hodgson, head of risk managed investments and structuring, will be responsible for running the fund, including its call option overlay strategy, with help from four managers.

Schroders already runs two onshore income maximiser funds, focusing on the UK and Asian respectively, as well as offshore European and global versions.

The new fund carries an ongoing charges figure of 0.5 per cent.