Schroders launches new fund of funds

The asset-management firm Schroders has opened a new common investment fund for charities that will include assets such as property, private equities and hedge funds alongside more traditional investments.

The Charity Multi-Asset Fund will operate as a fund of funds to generate long-term above-inflation returns with an annual distribution of 4 per cent.

It has been designed to balance risk with return, so charities can benefit from exposure to cash, bonds and equities as well as more adventurous assets.

Kate Rogers, manager of the fund, said: "This fund will outperform inflation, protect capital and generate sustained distribution."

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