Schroder Investment Management (Schroders) is set to terminate its Singapore-registered Asia Pacific equity fund, effective 18 January, Citywire Asia has learnt.

The Schroder Asian Total Return fund is a Singapore feeder fund that primarily invests into the $3.8 billion Schroder International Selection Fund - Asian Total Return fund.

The Luxembourg-domiciled underlying fund is also available to investors in Singapore.

Launched in 2010, the feeder fund is designed to participate in rising markets whilst aiming to mitigate losses in falling markets through the use of derivatives.

Managed by Lee King Fuei and Citywire A rated Robin Parbrook, both the feeder and its underlying fund invest in equity and equity related securities of Asia Pacific companies.  

As of end-October, Schroder Asian Total Return fund had about S$28.5 million ($20.81 million) in assets, in which about 53.1% was invested in Hong Kong and China.

In terms of sector, the majority of the fund’s assets were invested in Information Technology, followed by financials and consumer discretionary.

The fund was ranked 95 out of 396 funds in the Asia Pacific ex-Japan sector, and returned 29% over past three years ended November.