Schroders and Standard Poor's have launched a product for financial companies that will offer their investors access to Standard Poor's fund research capabilities combined with Schroders' investment skills. In this joint initiative, Standard Poor's will conduct fund research and analysis and will recommend funds for selection. Schroders will provide asset allocation, portfolio construction, risk management and performance measurement. Schroders' international wholesale network will also provide marketing and sales service. The service will be available globally excluding North America.
The global fund of funds market has been growing by 35% to 40% per annum and is now close to US$300 billion. By 2007, it is expected to total more than US$700 billion as investors...
