The fund will sit in the UK Investment Management Association (IMA) Strategic Bond sector and be managed by Gareth Isaac, Senior Portfolio Manager, with the alternate manager being Bob Jolly, Head of Global Macro.
The fund will invest in fixed income opportunities across the globe while allocating between government bonds, investment grade corporates, high yield corporate and emerging market debt of both governments and credit.
Additionally the fund may use derivatives to limit downside risk, with 80% of the portfolio being hedged back to sterling.
Schroders managing director of UK Intermediary Robin Stoakley said the new fixed income offering allows the fund manager flexibility to invest in the full spectrum of fixed income instruments globally.
"This fund is ideal for fixed income investors seeking higher performance potential and is an excellent way to diversify from an allocation to pure equities," Stoakley said.
The fund still requires approval by the Financial Services Authority (FSA).
