Schroders is planning to convert the Strategic Bond fund into an absolute return vehicle, Financial Times reports. The asset manager has asked investors to vote on the proposals, which will see the vehicle being renamed as Schroder Absolute Return Bond and move to the IMA Absolute Return sector.

The fund, which currently has around £380 million in assets, is managed by Bhupinder Bahra and Frederick Bourgoin. The new proposed fund will invest in a portfolio of bonds and other fixed and floating rate securities denominated in various currencies issued by governments, government agencies, supranational and corporate issuers worldwide.

Click here for the story from Financial Times.