Schroders has altered the $180 million Schroder Alternative Solutions (AS) Gold & Metals fund, What Investment reports. The fund will be rebranded to the AS Gold and Precious Metals Fund and will be managed by Paula Bujia. The fund will target investment instruments, such as futures, swaps, physically-backed ETFs and equities. The vehicle, which will track the NYSE Gold Bugs Index, can hold up to 50% in gold equities, up to 33% in other precious metals if the fund manager believes they will outperform gold, and up to 33% in cash.

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