Schroder has trimmed fees on its 'low cost' multi-asset active fund range from 29bps to a maximum of 22bps and renamed the funds as part of an overhaul.

The investment firms says the funds will be renamed Global Multi-Asset portfolios after previously being called the Tactical Portfolios.

Schroders will also add to each fund's name more information on the risk level of each of the portfolios.

The range consists of five multi-asset active funds which offer different combinations of investment risk and return.

      Current Fund Name                          New Fund Name 

•Schroder Tactical Portfolio 7        Schroder Global Multi-Asset Adventurous Portfolio

•Schroder Tactical Portfolio 6        Schroder Global Multi-Asset Growth Portfolio

•Schroder Tactical Portfolio 5        Schroder Global Multi-Asset Balanced Portfolio

•Schroder Tactical Portfolio 4        Schroder Global Multi-Asset Moderately Cautious Portfolio

•Schroder Tactical Portfolio 3        Schroder Global Multi-Asset Cautious Portfolio

The funds are available on more than 10 of advised platforms.

The funds are managed by Schroders' multi-asset team under group chief investment officer Johanna Kyrklund. This team has over 120 investment professionals globally and manages over £160 billion (as at 31 December 2022).

Gillian Hepburn, head of UK intermediary solutions, said: “Schroders’ UK Financial Adviser Survey continues to highlight the growing appetite among advisers for outsourced investment solutions and, in particular, multi-asset funds. We are therefore delighted to be relaunching our low cost, actively managed multi-asset range of funds."