Schroders has moved its Asian Credit Opportunities fund into its Luxembourg-domiciled fund range to increase investor access.
The company’s spokesperson told Citywire Asia that Schroders has always planned to bring the Schroder Asian Credit Opportunities fund into its Luxembourg-domiciled fund range.
Although the fund is primarily targeted at Singapore clients for now, Schroders’ longer term plan is to broaden distribution to intermediary clients and selected institutional clients in other markets in Asia, Europe and the US.
The Schroder Asian Credit Opportunities fund, which moved from its Singapore domicile to the Luxembourg-domiciled fund range last month, is now officially called Schroder ISF Asian Credit Opportunities fund.
The Schroder ISF Asian Credit Opportunities is managed by Hong Kong-based Angus Hui and Ng Peng Fong. The fund was previously managed by Citywire + rated Rajeev De Mello, who had in last month joined the Bank of Singapore as its chief investment officer.
As of end-July, the Schroder Asian Credit Opportunities fund had about $45.6 million in assets.
The fund invests in fixed and floating rate securities issued by governments, government agencies, supranationals and corporates issued by mostly Asian issuers.
At least two-thirds of the fund can be invested in Asian fixed and floating rate investment grade and high yield securities issued by governments, government agencies, supra-nationals and corporates with no explicit requirement to have a bias towards either.
The fund may also use financial derivative instruments as a part of the investment process.