Schroders is launching a global multi-asset income fund for UK investors approaching retirement.

Schroders is launching a global multi-asset income fund for UK investors approaching retirement.

It will adopt the same investment strategy as the existing Luxembourg fund, Schroder ISFi Global Multi-Asset Income, which has assets under management of £4 billion ($6.31 billion).

The fund aims to deliver a total return of 7 per cent a year. It focuses on investing in high yielding and high quality global fixed income and global equity securities.

"The pension reforms highlight investors' need for solutions which generate levels of income above current cash returns and offer the potential to protect and grow capital," said Robin Stoakley, managing director UK intermediary.

"The distribution yield will be attractive to those investors seeking consistent income, while its multi-asset approach provides greater diversification than is typically available from conventional bond, equity or balanced mandates," he added.