Schroders expands in China with Shanghai office and trio of funds

Pedro Gonçalves
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Schroders expands in China with Shanghai office and trio of funds

Schroders has launched an office in Shanghai and is adding three new China private funds as the global wealth management firm boosts its profile in the country.

The new funds include the Schroder PFM China Credit Bond No.1, Schroder PFM China Equity Alpha Youxuan No.1, and Schroder PFM China Macro Bond No.1. A company statement said all three new offerings were filed with the Asset Management Association of China on May 17. The trio of new Schroders funds are available to institutional and HNW investors in China that are looking to diversify into private equity, venture capital and hedge funds.

China is a major market in the Schroders' global growth strategy. The firm has already been investing heavily in the country via partnerships and key new hires. "We expanded our IM WFOE team to more than 30 people over the past year, and have added fund managers to the fixed income and multi-asset teams to supplement our A-shares expertise and further enhance our overall China investment capability," said David Guo, Schroders' head of China business.

Our new Shanghai office represents our next phase of expansion in China. The new space will enable us to add more local research and investment talents to our team, and discover more long-term investment opportunities for investors in and outside of China"

"Our new Shanghai office represents our next phase of expansion in China. The new space will enable us to add more local research and investment talents to our team, and discover more long-term investment opportunities for investors in and outside of China," he added.

Schroders opened its first representative office in Shanghai in 1994. It partnered with the Bank of Communications in 2005 to establish a joint venture company known as Bank of Communications Schroder Fund Management. Under this brand, the two firms offer Mainland China investors a wide range of foreign and domestic investment opportunities.

Schroders has also been developing its digital capability to ensure its products are available on China's online fund platforms. In addition, the firm has been engaging in digital investor education, using the country's most popular platform, WeChat, along with its Ant Fortune ‘Cai Fu Hao' social media account.

The new funds are in addition to the existing Schroder PFM China Total Return Zhihui No.1, an A-shares-focused solution launched in 2018.

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