Schroders to launch new US Income Maximiser fund

2nd March 2017 - Schroders has announced that, subject to regulatory approval, it will be expanding its Maximiser Income range in the coming weeks, with the launch of a US version.

Schroder US Income Maximiser will target a 5% yield and will have annual charges of between 0.4% and 0.5%.

Like the other funds in the range, covered call options will be used to enhance the yield, but it will be the first Maximiser fund to use a passive, rather than an actively managed, underlying vehicle that will track the S&P 500 index.