Asset manager Schroders has reportedly moved a large portion of its £807 million pension fund assets out of equities into bonds following a period of strong stock market performance.
The Schroders fund has moves nearly 50% of its growth assets, which relied heavily on equities to produce returns, into a strategic beta portfolio, which relies more on safer fixed income assets, the Financial Times has reported.
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"The improvement in financial markets has given us another opportunity to reduce risk," the publication quoted Alan Brown, a trustee of the Schroders pension scheme as saying.
The report added that others are also expected to follow Schroders in moving into lower risk areas after a period of strong stock market performance.
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