Schroders’ Global Multi-Asset Income fund surpasses $5 billion in assets under management
Schroders announces that assets under management in Schroder ISF1 Global Multi-Asset Income have surpassed $5 billion,2 since the fund launched just over two years ago in April 2012,3 with flows coming from Asia, Europe, Latin America and the Middle East. This milestone highlights the continued strong demand for income from clients globally, particularly given the sustained environment of moderate economic growth and low interest rates, coupled with the trend of an ageing population globally.
The fund, which aims to provide sustainable income by investing in high quality income generating securities across a range of asset classes, regions and sectors, is managed by Aymeric Forest and Iain Cunningham. The objective is to pay a distribution of five per cent per annum4 in monthly or quarterly instalments.5
Aymeric Forest, Head of Multi Asset Investments, Europe and Lead Fund Manager of Schroder ISF Global Multi-Asset Income at Schroders, said:
“We have a diversified portfolio across a range of asset classes and regions, and we employ an active and flexible approach, which allows us to continue to deliver our yield objective of five per cent per annum. Equities remain our preferred asset class with continued focus on value and dividend paying stocks in a moderate growth environment. Within fixed income, further easing from the European Central Bank (ECB) has caused European bond yields to rally to record lows; we saw this as an opportunity to rebalance our investment grade exposure towards North America and Asia. With a more positive outlook for emerging markets after the fall-out from US tapering, we have increased exposure in these regions. Our global and unconstrained approach allows us to capture diverging regional growth and focus on sustainable income opportunities.”
Carlo Trabattoni, Head of Pan-European Intermediary Distribution and Global Financial Institutions Group, added:
“The demand for a reliable source of income driven by demographic factors such as an ageing population is a prominent and continual theme. In a post-crisis environment of low interest rates, quantitative easing and relatively low growth, clients are looking for an alternative from traditional income solutions. This is consistent with an increasing client demand for global multi-asset income solutions that widen the opportunity set.”
As well as a dedicated Multi-asset Investment team based in London, Schroders has Multi-asset professionals located in key financial centres across the globe. In total, the team now consists of over 100 professionals worldwide who manage in excess of £55 billion.6
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Notes to Editors
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The value of investments and the income from them can go down as well as up and investors may not get back the amount originally invested.
Schroders is an independent, global asset management company with 210 years of financial experience which has resulted in a world-class approach to investment.
We currently manage CHF 395 billion on behalf of our institutional, retail and private clients. Our aim is to apply our specialist asset management skills in serving the needs of our clients. With an international network spanning 37 offices in 27 countries and over 393 investment professionals covering the world’s investment markets, we offer our clients a comprehensive range of products and services.
In Switzerland, Schroders is represented by Schroder Investment Management (Switzerland) AG, a fund management company with offices in Zurich and Geneva, overseeing in excess of CHF 20 billion for institutional and intermediary clients and offering local fund management capabilities in Multi Assets, Swiss and European Equities, Convertible Bonds, Insurance Linked Securities (ILS) and Swiss and European Properties.Further information about Schroders can be found at www.schroders.ch.
Source: Schroders 31.6.2014
Issued by Schroder Investment Management Ltd, which is authorised and regulated by the Financial Conduct Authority. For regular updates by e-mail please register online at www.schroders.com for our alerting service.
1 Schroder International Selection Fund is referred to as Schroder ISF.
2 Source: Schroders, as at 30 th June 2014.
3 Schroder ISF Global Multi-Asset Income launched on 18th April 2012.
4 Distribution of five per cent per annum is a target and not guaranteed.
5 Monthly instalments for all share classes except EUR and CHF, which are quarterly.
6 Schroders, as at 31st March 2014.