Julie Dean, fund manager of the Schroder UK Opportunities Fund has resigned from Schroders.
It has been announced that Matt Hudson, currently manager of Schroder UK Alpha Income Fund, has been appointed as manager of Schroder UK Opportunities Fund with immediate effect.
Citywire AA-rated Matt Hudson is a highly talented investor with excellent investment performance. Matt has more than 14 years of investment experience running both UK equity and income portfolios.
Julie and Matt will work together to ensure a smooth handover of responsibilities.
The investment objectives of the fund will not change.
What is the impact?
The fund's Morningstar OBSR Analyst Rating™ has now been placed 'under review'. The fund previously held a Silver rating.
Morningstar OBSR has confirmed they will meet with Mr Hudson in the coming weeks to review his plans for the fund.