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LON100:SDR, Nov 22, 07:05 UTC

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Wednesday, November 20


News

Schroders to fully integrate ESG into funds by end-2020

SDR

Schroders to fully integrate ESG into funds by end-2020. 20 November 2019, 12:36 UTC. LONDON (Reuters) - British asset manager Schroders <SDR.L> said on Wednesday it would fully integrate environmental, social and governance analysis across all of its fund assets by the end of 2020. At the moment, around 230 billion pounds in assets are invested in funds which carry a Schroders 'Sustainability Accreditation' where the investment teams have evidenced the role ESG factors played in their decision-making. Those investments currently make up a little over 50% of Schroders' total assets under management. What to read next.

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Friday, November 08


News

Director dealings: Schroders chairman lowers stake

SDR

Seeing Machines excites investors as it benefits from driver monitoring legislation Watch Now. Exclusive: Oil analyst Barney Gray on UK fracking ban, Coro Energy, Rose Petroleum and UnitedView Video. (Sharecast News) - Schroders revealed on Friday that chairman Michael Dobson had sold 41,641 ordinary shares in the FTSE 100-listed investment manager.Dobson, who took over as chairman of Schroders back in April 2016,, disposed of the shares on Wednesday at an average price of 3,256.66p each, for a total value of £1.35m.In a separate transaction, Dobson sold a further 8,359 shares on Thursday at an average price of 3,250p, collecting another £271,667.50 as a result.Schroders released a brief update for the third quarter on 15 October, reporting that as at the period end, its total assets under management stood at £450.8bn, rising from £407.2bn at the start of 2019.As of 1630 GMT, Schroders shares were down 1.16% at 3,224p.Top Director BuysAnglo Pacific Group (APF)Director name: Rutherford ,Jim Amount purchased: 25,000 @ 192.00pValue: £48,000.00Anglo Pacific Group (APF)Director name: Dacomb,GraemeAmount purchased: 10,000 @ 192.65pValue: £19,265.40Ades International Holding (di) (ADES)Director name: Farouk ,Mohamed Amount purchased: 500 @ $13.02Value: $6,510.00Ades International Holding (di) (ADES)Director name: Farouk ,Mohamed Amount purchased: 500 @ $13.00Value: $6,500.00Ades International Holding (di) (ADES)Director name: Farouk ,Mohamed Amount purchased: 500 @ $12.85Value: $6,425.00Spectris (SXS)Director name: Harding ,DerekAmount purchased: 6 @ 2,564.33pValue: £153.86National Grid (NG. LONDON, Nov 4 (Reuters) - Shares in Woodford Patient Capital Trust, founded by veteran money manager Neil Woodford, dropped as much as 7% on Monday after the fund cut the valuation of one of its major holdings.WPCT last month named asset manager S... 4 Nov 19 09:26.

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Wednesday, November 06


News

Schroders Sees Value in Municipal Bonds Over Treasuries

SDR

Schroders Sees Value in Municipal Bonds Over Treasuries. 6 November 2019, 21:09 UTC. Nov.06 -- Julio Bonilla, U.S. fixed income portfolio manager at Schroders, discusses the advantage municipal bonds have over U.S. Treasuries. He speaks with Bloomberg’s Taylor Riggs in this week’s “Muni Moment” on "Bloomberg Markets." What to read next.

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News

Schroders and BlackRock lead race for Woodford Income Focus

SDR BLK

Schroders and BlackRock lead race for Woodford Income Focus. Asset management giants Schroders and BlackRock are understood to be leading the race to take over Neil Woodford’s £253 million Income Focus fund. That followed Link’s decision to sack him from his flagship Woodford Equity Income (WEI) fund, which had been suspended since June, and liquidate the portfolio. Woodford also resigned from the Woodford Patient Capital Trust (WPCT) at the same time and on 24 October WPCT’s board appointed Schroders to take the reins of the closed-ended fund. Launched in March 2017 the strategy raised £553 million to become one of the biggest launches of recent years, albeit some way behind the £1.6 billion pulled in by WEI and WPCT’s £800 million.

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Friday, October 25


News

Facts and Figures of Active Stocks: Schroders plc (LON:SDRC)

SDR

Investors are searching for easily tradable or highly liquid stocks, here we screened Schroders plc stock with recent volume of 15792 shares. Looking around last three track record, it holds trading capacity of 43046 shares on average basis. If you own a stock that has extremely low daily volume, it may be difficult to get free of in a short time period. It is going under observations and created a move of 6500.00% at recent price at GBX 2360 in last Trading session. Schroders plc stock price identified moved of 259500.00% from its 52-week maximum price level and marked a change of 195212.00% from its 52-week minimum price level.

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Thursday, October 24


News

Woodford trust shares surge as Schroders takes over from fallen stock picker

SDR WPCT

Shares in Woodford Patient Capital Trust (WPCT.L) surged 25% on Thursday after the board confirmed that money management giant Schroders will take over from fallen stock picker Neil Woodford. Schroders will manage the fund “in line with the Company's existing investment objective and policy,” the board said, and will continue to invest in both private and public companies, despite the difficulties this created for Neil Woodford. Neil Woodford was once seen as one of Britain’s best money managers but has experienced a spectacular fall from grace after a liquidity crisis at his flagship Equity Income Fund in June. The board of the Woodford Patient Capital Trust had said they were considering replacing Woodford as manager prior to his resignation.

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News

Schroders to take charge of Woodford Patient Capital Trust

SDR WPCT

Schroders will take charge of the embattled Woodford Patient Capital Trust (WPCT) after former star stockpicker Neil Woodford’s abrupt departure last week. Woodford’s fall from grace was cemented last week when he quit WPCT and closed his investment company after administrators closed his flagship Equity Income Fund (WEIF). WPCT’s share price has sunk 60 per cent since May with Woodford at the helm, and the trust had announced in July in was in talks with other managers to replace him. This is likely to be a long process and will incur transaction costs for investors.” “The payment of a management and performance fee more akin to a hedge fund may irk anyone initially attracted to the trust by the original charging structure, but for the rest, the opportunity to draw a line under the Woodford situation and move on will be, no doubt welcome,” Doran said.

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News

Schroders to Take Over Woodford Patient Capital Trust

SDR WPCT

The Board of Woodford Patient Capital Trust had said earlier this summer it was in talks with other fund managers with a view to potentially replacing Woodford at the helm of the trust. While Woodford had been set to work a three-month notice period as part of the transition, Schroders is poised to take over the running of the trust by the end of the year. This is because the charging structure was performance fee based and required the manager to deliver net asset value growth of at least 10% in a year before taking any fee – Woodford never achieved this. Kevin Doran, chief investment officer at AJ Bell, said the move "may irk anyone who was initially attracted to the trust by the original charging structure, but for the rest, the opportunity to draw a line under the Woodford situation and move on will be, no doubt welcome." Schroders is perhaps better known for its range of open-ended funds and its multi-manager suite of funds, but the group has managed investment trusts since 1924 and has a 100-strong team specialising in private equity.

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News

Defiant Patient Capital soars 29% as Schroders steps up

SDR WPCT

(Update) Woodford Patient Capital shares leap after board ignores calls to wind up and appoints Schroders to replace Neil Woodford who quit as fund manager last week, offering investment group a 15% performance fee to revive its battered portfolio. Chairman Susan Searle said Schroders (SDR), an £8.3 billion FTSE 100 listed fund manager, had been chosen after a competitive review which it is believed attracted many investment groups vying for the chance to turn around the trust after a devastating year. Schroders’ private equity division employs 100 people and manages $9.8 billion across the world in direct investments, co-investments, secondaries and fund investments. However, analysts queried how much track record it had in the tech start-ups assembled by Woodford. Stifel analyst Iain Scouller said the news was positive and upgraded the trust from ‘hold’ to ‘buy’ but urged the board to consult shareholders on whether Schroders should slowly run-off the portfolio and return money to investors.

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News

Schroders to take over as manager of Woodford investment trust

SDR WPCT

The board of the Woodford Patient Capital Trust has chosen Schroders to replace fallen star stock picker Neil Woodford at the vehicle which bears his name. Mr Woodford had resigned from the trust earlier this month after his flagship Equity income fund was closed by its administrator and his investment empire imploded. WPCT said it has agreed terms with the FTSE 100-listed UK fund manager for it to take over the portfolio by the end of the year, and that the vehicle will be renamed the Schroder UK Public Private Trust plc.

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