Schroders swaps benchmark on Dobbs' Asian Alpha Plus fund

The fund will see its benchmark switched from the MSCI AC Far East ex Japan index to the MSCI AC Asia ex Japan index, effective from 5 October. A Schroders spokesperson said: "The current benchmark has been in place since the fund's inception in 2007. "The new benchmark is a better comparator as it includes India, which is not included in the current benchmark. The change of benchmark will not impact the way the fund is managed." Investec's Mundy: Fund performance skewed by benchmarks and survivorship bias The fund has suffered in the latest emerging market rout, and is underperf...