Schroders Modifies Gold & Metals Fund

Schrodershas altered the $180 million Schroder Alternative Solutions (AS) Gold & Metalsfund,What Investmentreports. The fund will be rebranded to theAS Gold and Precious Metals Fundand will be managed by Paula Bujia.

The fund will target investment instruments, such as futures, swaps, physically-backed ETFs and equities. The vehicle, which will track theNYSE Gold Bugs Index, can hold up to 50% in gold equities, up to 33% in other precious metals if the fund manager believes they will outperform gold, and up to 33% in cash.

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