The Schroder Managed Monthly High Income fund, which will be available to investors from 21 May this year, will be managed by both Thomas See, head of structured fund management, and Gareth Isaac, senior fixed income portfolio manager.

It will give investors exposure to eight different investment strategies including four equity Maximiser funds.

See said that this is a fund that pays a higher monthly yield from four well-diversified sources of income, several asset classes and multiple geographies, despite a difficult yield environment.

"By tapping into eight of Schroders’ actively managed investment strategies, we can help reduce the risk of relying on the performance of any single fund or strategy, while creating a diversified product with less volatility than a pure equity investment," See said.