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Schroder Income Maximiser - Rating Suspended

By JANE KOTCHKINA 18/05/2010

Schroder Income Maximiser - Rating Suspended by Jane Kotchkina

Nick Purves, the portfolio manager for Schroder Income Maximiser, and Ian Lance, his co-manager, are to leave Schroders. Nick Kirrage and Kevin Murphy, who have been managing Schroder Recovery fund over the last four years, will be taking over the reins of Schroder Income Maximiser. Thomas See will continue to look after the derivative overlay strategy for the fund.

There is a significant overlap between the Schroder Recovery and Schroder Income Maximiser portfolios. Kirrage and Murphy have worked alongside Purves and Lance on the Schroder UK Equity team for a number of years.

We have suspended the four star rating on this fund pending a meeting with the new managers.

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