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18 Feb, 2008


Published: 10:41 Monday 18 February 2008
By: Nicholas Paler, Investment Reporter

A defensive version of Schroder's Income Maximiser fund which can use put options to provide protection in falling markets is to be rolled out to investors in March.

The Schroder UK Income Defensive fund will invest in an actively managed portfolio of 30-50 large and mid cap stocks which pay high and sustainable dividends.

Headed by Richard Lloyd, manager of the existing fund, the new version will continue to use derivative instruments to generate additional income, while it will also buy put options to create a defensive cushion against market falls.

Lloyd said: 'With the Schroder UK Income Defensive fund, we have expanded our range of equity income products.

'Investors can now access a more defensive product that is particularly important in times such as these, when concerns about the economy are weighing on equity markets.'

The fund's offer period runs from the 3 March to 7 March.

       
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