Schroders is cutting the fees on its Absolute Return Bond and QEP Global Core funds.
The annual management charge for the Schroder Absolute Return Bond fund’s A share class will be reduced from 1 per cent to 0.9 per cent while the fees for the Schroder QEP Global Core fund’s A share class is being lowered from 0.35 per cent to 0.27 per cent.
The changes take effect on 1 September.
The £92.4m Schroder Absolute Return Bond fund is run by Bob Jolly and has returned 5 per cent over one year compared to the IA Targeted Absolute Return sector average, FE data shows.
Over the same period the £1.2bn Schroder QEP Global Core fund has made 15.1 per cent against the 17.7 per cent average of the IA Global sector.
A spokesperson for Schroders says: “We regularly review our entire fund range to ensure that it is competitively positioned.”