The Schroder ISF Absolute Return Currency EUR and Schroder ISF Absolute Return Currency USD funds were launched last week.
The Ucits III-compliant funds aim to offer both retail and institutional investors a vehicle which delivers low risk returns above cash from actively managed currency portfolios. Both funds offer daily dealing.
Managers Clive Dennis, head of currencies at Schroders, and Hardeep Dogra will use a broad range of global cash instruments and currencies to generate absolute returns. Furthemore, the Schroders Currency Team will use both long and short exposures picked from an investment universe includes over 30 different currencies.
Schroders said the rationale for investing in currencies is compelling from a diversification perspective as they offer a low correlation to other asset classes, such as equities, bonds, commodities and property. Currencies also offer an alternative to cash deposits and government bonds, added Schroders.
