Schroders launches Indian Opportunities Fund
Schroders is pleased to announce the launch of Schroder ISF Indian Opportunities, a complementary offering to the existing Schroder ISF Indian Equity but with a different management style and advised by Axis Asset Management Company (Axis AMC).
Schroders is pleased to announce the launch of Schroder ISF1 Indian Opportunities, a complementary offering to the existing Schroder ISF Indian Equity but with a different management style and advised by Axis Asset Management Company (Axis AMC)2. It takes an unconstrained all cap approach versus a fundamental larger cap approach and is not managed relative to a benchmark.
The fund, which launched on 10 September 2013, is managed by Schroders’ Asian equity investment team and advised by Axis AMC. Axis AMC has a team of seven experienced investment professionals with a strong track record in managing Indian equities3 . The Fund will leverage Axis AMC’s on the ground expertise in India to identify the best investment opportunities for capital growth. Investments will primarily be in equity and equity related securities of Indian companies that have substantial business exposure to India.
Chandresh Nigam, Managing Director and Chief Executive Officer, Axis AMC, said:
“India has been amongst the fastest growing major economies in the last 20 years. While India has certain short and medium term cyclical challenges, it has a number of long term competitive advantages that have allowed it to grow on a sustained basis. More importantly, quality Indian companies have been able to participate in this growth by growing their profits and rewarding shareholders. Our investment process focuses on bottom-up stock selection of quality companies that are likely to sustain growth over the medium to long term. Furthermore, we believe that the Indian economy is resilient and once the immediate headwinds subside, both global and local investors should revert their focus back to the long term potential of the country".
Richard Mountford, Chief Executive Officer, Asia Pacific, Schroders, said:
“This is an exciting addition to our existing Indian equity proposition for investors seeking capital growth from a wide range of securities in India. It is also our first fund launch following our partnership with Axis AMC, which will give investors access to their successful and proven long-term track record of investing in India.”
1 Schroder International Selection Fund is referred to as Schroder ISF.
2 Schroders bought a 25% stake in Axis AMC in September 2012
3 Source: Axis AMC – Axis Long Term Equity Fund returned 12.0% as at 28 June 2013 (annualised since inception, Dec 2009, in rupees and post expenses). Axis AMC Awarded the Asset Manager of the Year – Rising Star, India (2013) by The Asset Magazine
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Schroders is a global asset management company with £255.8 billion (EUR298.5 billion/$388.0 billion)* under management as at 30 June 2013. Our clients are major financial institutions including pension funds, banks and insurance companies, local and public authorities, governments, charities, high net worth individuals and retail investors.
With one of the largest networks of offices of any dedicated asset management company, we operate from 34 offices in 27 countries across Europe, the Americas, Asia and the Middle East. Schroders has developed under stable ownership for over 200 years and long-term thinking governs our approach to investing, building client relationships and growing our business.
*Source: Schroders, all data as at 30 June 2013, including Cazenove Capital assets under management
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