Schroders rejigs management duties on European and global income funds

Schroders fund manager Sonja Schemmann is handing over her two European income products permanently and her four global income funds temporarily when she takes maternity leave in December.

Sonja Schemmann
Sonja Schemmann

Rory Bateman, Head of European equities, and Ian Kelly, European and global equity fund manager, who have worked with Schemmann for several years, are taking over three funds temporarily.

They include the £60m Schroder Global Equity Income fund, the Luxembourg-based £14.6m Schroder ISF Global Dividend Maximiser and the £36.8m Schroder ISF Global Equity Yield funds.

The Schroder Income Growth investment trust will be managed by Sue Noffke and the UK prime team in Schemmann’s absence.

The permanent changes will see Bateman and Kelly take over the Luxembourg-based £57m Schroder ISF European Equity Yield and £11m Schroder ISF European Dividend Maximiser funds. (article continues below)

Robin Stoakley, Schroders managing director of UK intermediary, says Bateman and Kelly will bring “a great combination of experience and talent” when they take over as permanent managers of the European funds.

He says: “I am confident we can continue to deliver the competitive European equity performance that our clients have come to expect.”