Schroders is aiming to raise £100m for a new Social Impact investment trust to be floated on the London Stock Exchange.

Schroder’s Cazenove Capital business is to acquire London-based UHNW family office Sandaire in a drive to expand its wealth management business globally.

British investors expect average annual returns in excess of 11% over the next five years despite the uncertainty caused by the Coronavirus pandemic.

Fund manager Schroders has launched a blended range of fund portfolios that will switch between passive and active funds depending on the economic conditions.