Schroder Investment Management (Shanghai) Limited, the wholly foreign-owned enterprise of Schroders plc in mainland China, announced the launch of the Schroder PFM China Multi Asset Income FOF No.1, the second multi-asset strategy in its domestic private fund range.
The move follows the launch of its another FOF onshore product in August, the China Multi Asset Dynamic Allocation FOF No.1 product.
The new multi-asset private fund has a relatively conservative investment approach compared to its sister fund.
The addition of a second multi-asset solution to our domestic private fund range is a reflection of our ongoing commitment to addressing Chinese investors’ needs"
"The addition of a second multi-asset solution to our domestic private fund range is a reflection of our ongoing commitment to addressing Chinese investors' needs. Our 2019 Global Investor Study showed that 77% of Chinese investors prefer multi-asset funds considering how unpredictable and volatile markets can be," says David Guo, chief executive officer, China, Schroders.
"As we celebrate our 25th year in mainland China, we will continue to innovate and maintain our status as a trusted partner to Chinese investors," he added.
The fund is managed by Shanghai-based Evan Zhou, fund manager, multi-asset, with support from the local research team and the resources of the Schroders global multi-asset team, which comprises of more than 100 investment professionals and manages over $95bn of assets globally.
As investors in mainland China continue to look for more diversified investment options, Schroders believes offering multi-asset investment solutions that cater to different levels of risk appetite can give investors greater flexibility in their financial planning and meeting their investment goals.
In total, Schroders now manages six onshore products in China.