Schroders receives approval for LTAF aimed at UK wealth market
Schroders Capital Wealth Solutions LTAF will be available as an OEIC
Schroders Capital Wealth Solutions LTAF will be available as an OEIC
The £300m fund will invest in early-stage technology and life science companies in the UK
LTAF exposure to include private equity and credit, infrastructure, real estate, natural resources
Regulatory approval anticipated in the second half of the year
Deploying capital across wind and solar assets
Advisers will play a ‘key role’ in helping clients understand long-term asset funds
Regulator warned that firms lack arrangements to combat market-wide redemptions
But the move has received mixed reviews from industry commentators
The fund will focus on private markets, such as infrastructure
Largest UK-focused long-term asset fund to date
Certain investors would need to show they understand the risks and longer redemption periods before investing
Unclear whether inflationary benefits will tempt investors back into beleaguered sector