Schroders Personal Wealth (SPW), the Financial Planning joint venture by Schroders and Lloyds Banking Group, has launched three new Multi-Manager fixed income funds.

SPW says the funds are designed “exclusively” for SPW clients and will expand the fixed income options available in portfolios. 

The funds have been launched on SPW’s Authorised Corporate Director (ACD). 

Each fund will use a variety of managers and will invest in different types of fixed income instruments such as sovereign bonds, investment grade bonds, high income and emerging market debt.  

Fund managers being used include PIMCO, Blackrock, Barings and Schroders.

Source: SPW 

SPW will be responsible for setting the mandate and will have overall oversight for the range while Schroders Investment Management will be responsible for managing the investments. 

Marcus Brookes, chief Investment officer at Schroders Personal Wealth, said: “Our ACD funds are designed specifically for SPW clients with the aim of meeting their needs. This means that we set our mandates to ensure that any risks are appropriate for our clients and means we won’t invest in instruments or markets that we aren’t happy with.

“The SPW Multi-Manager fixed income funds have been launched to ensure we have more management, flexibility and greater control of our client’s assets.”