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Schroders hands unit head new US income fund

Asset manager expands Maximiser range with large-cap-focused strategy.

Schroders hands unit head new US income fund

Schroders has expanded its Maximiser fund range with a new approach targeting income-paying, US large-cap stocks, the asset manager has announced.

The Schroder US Equity Income Maximiser fund will sit within the broader Maximiser range, which currently has £6.2 billion (€7.3 billion) in assets under management.

It will follow the Maximiser model of investing in income-paying stocks, while having a covered call option overlay to enhance yield. The fund will target 5% income per year, paid quarterly.

Schroders said the fund will primarily invest in the largest US companies. It marks the first fund in the range to be focused solely on the US market.

Mike Hodgson, head of risk managed investments and structuring, will oversee the fund, as well as running its option overlay strategy. He will be supported by four managers from the structured investment team.

The launch of the fund is one of the first major developments since significant restructuring within the structured fund management and portfolio solutions teams, which were combined last year.

This caused veteran investor Thomas See, who had run several funds in the Maximiser fund range, to leave the group. Hodgson was named as head of the new combined entity.

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Mike Hodgson
Mike Hodgson Average Total Return:
0.47%
30/178 in Equity - Asia Pacific Excluding Japan (Performance over 1 year)
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