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Report: Schroders mulls fixed-income expansion

SchrodersPlc CEO Peter Harrison said the asset manager is looking to buy afixed-income fund company.

The newly appointed CEO told the Financial Times that although the company has most asset classes covered,there are "a couple of spots within fixed income we would like tofill." He added that Schroders is "very well represented in emergingmarket debt, [but] there is potential in the asset-backed area."

Meanwhile, the company will continue to back its Asia andU.S. operations, according to the May 8 report.