Schroder Asian Income Maximiser S
|Bid Price||-||Offer Price||-|
|Mid Price||GBX 60.92||Day Change||GBX +0.10 (0.16%)|
|Price Date||17 Feb 2017||Crown Rating|
|Shares Class||Inc.||Yield||6.87 %|
|Total Expense Ratio||0.00||Fund Size||316,400,000.00|
|Launch Date||01/06/2010||Standard Initial Charge (%)||0.00|
|Annual Management Charge (%)||1.00||Sector||IMA UK Equity Income|
|Min Investment (£)||1.00||Total Expense Ratio (%)||0.00|
|ISIN||GB00BGCC2X21||Min TopUp (£)||0.00|
The fund aims to provide income and capital growth. The fund aims to deliver a target income of 7% per year but this is not guaranteed and could change depending on market conditions. At least 80% of the fund will be invested in shares of Asian companies which offer a high dividend income and are selected for their long-term income and growth potential. The fund has no bias to any particular size of company or industry. The fund generates its income from two sources; dividends received from shares in companies; and cash received from selling some potential future growth of the fund's holdings using derivatives. The fund may also invest in other financial instruments and hold cash on deposit. Derivatives will be used to achieve the investment objective and to reduce risk or manage the fund more efficiently. The strategy will typically underperform a similar portfolio without derivatives in periods when the underlying stock prices are rising, and outperform when the underlying stock prices are falling.
Richard Sennitt joined Schroders in 1993, initially as an Analyst on the Japanese Desk, before moving onto the Pacific Basin team at the start of 1997. Since then he has had a broad exposure to the emerging and developed Pacific markets as a regional Fund Manager managing money for UK and North American clients.