NEW YORK, June 28, 2013 /PRNewswire/ -- Schroders, the $359.2 billion* global asset manager, announced the addition of four new U.S. mutual funds as it continues to expand its investment line-up for the U.S. market. Specifically, the funds are the Schroder Long-Duration Investment Grade Bond Fund (Investor Shares ticker: STWLX), the Schroder Broad Tax-Aware Value Bond Fund (Investor Shares ticker: STWTX), the Schroder Emerging Markets Multi-Sector Bond Fund (Investor Shares ticker: SMSNX) and the Schroder Emerging Markets Multi-Cap Equity Fund (Investor Shares ticker: SMENX). Schroders has been in steady growth mode in the US and the addition of these funds to its suite of products is a reflection of Schroder's commitment to investing in and growing its U.S. business. With the addition of these four funds, the Schroder U.S. mutual funds family grows to 13 different options.
U.S. Fixed Income The Schroder Long-Duration Investment Grade Bond Fund and the Schroder Broad Tax-Aware Value Bond Fund are newly branded funds that were existing funds managed by STW Fixed Income Management LLC, a fixed income asset manager acquired by Schroders on April 2, 2013. These Funds are managed by six portfolio managers dedicated to value-oriented fixed income. This team manages over $11.2 billion as of March 31, 2013 and has an average of nearly 20 years of experience in managing fixed income assets. Had STW been part of Schroders on March 31st, the addition of the STW team and products would have increased Schroders' assets under management in U.S. fixed income to $35 billion and increased global fixed Income to $86 billion as of that date.
The Schroder Long-Duration Investment Grade Bond Fund seeks to achieve a total return by investing in a portfolio of investment grade, long maturity fixed income securities. Sector allocation and security selection are determined based on an assessment of value rather than composition of the benchmark.