Following the introduction of a long-term asset funds (LTAFs) range targeting defined contributions pension funds last year, Schroders is set to launch its first wealth-focused LTAF.
Yet to receive FCA approval, the fund will be structured as an open-ended investment company (OEIC).
Schroders claimed the majority of the LTAFs currently in the market have been launched as authorised contractual schemes (ACS), which require investors to invest a minimum of £1 mill...
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