Schroders launches open-ended, long-term asset fund in the U.K.

Schroders Capital has launched a new fund designed to help U.K. pension fund investors support the net-zero transition.

Schroders Capital Climate+ LTAF, a long-term asset fund (LTAF), will have a global investment mandate, and will allocate to real estate, infrastructure, private equity, natural capital and biodiversity-focused assets through a mixture of Schroders Capital and externally-managed funds.

The core impact objective of Climate+ is to contribute positively to climate change and support the transition towards net-zero economies through its investments. The strategy will aim to invest across four long-term themes: climate mitigation, climate adaption, biodiversity/natural capital and social vulnerabilities.

The launch of the fund follows Schroders’s receipt of regulatory approval to launch the United Kingdom’s first long-term asset fund earlier in March. The open-ended investment vehicle will enable a broader range of investors with longer-term hori