Schroders' agriculture fund has almost halved in size over the past six months after negative performance led to significant investor withdrawals on the back of volatile commodities prices.

The fund - which invests in agricultural commodities, such as corn and coffee via exchange-traded funds, swaps, and futures - peaked at $6.4bn (€3.4bn) in size at the end of February, according to the UK asset manager. The fund now stands at $3.8bn.