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Schroders sees continued global demand for income

17th February 2014 Print

Schroders announces that assets under management in Schroder ISF Global Multi-Asset Income have reached $4 billion since the fund launched less than two years ago, with flows coming from Asia, Europe, Latin America and the Middle East.

This milestone highlights the continued strong demand for income from clients globally, particularly given the sustained environment of relatively weak economic growth and low interest rates, coupled with the rapid demographic changes seen with an aging population.
The fund, which aims to provide sustainable income by investing in attractive income opportunities across a range of asset classes, regions and sectors, is managed by Aymeric Forest and Iain Cunningham. The objective is to pay a distribution of five per cent per annum  in monthly or quarterly instalments.
Aymeric Forest, Fund Manager of Schroder ISF Global Multi-Asset Income at Schroders, said: “Having an unconstrained approach means that we can look across a wide investment universe and avoid chasing income at any price. Currently we are seeing opportunities in developed market equities, which we think should be supported by continued economic recovery. Within fixed income we remain underweight duration and are emphasising credit exposures, which carry less interest rate risk, namely high-yield debt.. Our global and flexible approach allows us to capture diverging regional growth and to focus on sustainable income opportunities that allow us to continue to deliver our yield objective of five per cent per annum.”
Carlo Trabattoni, Head of Pan-European Intermediary Distribution and Global Financial Institutions Group, added: “The demand for a reliable and well-diversified source of income has been a prominent theme over the past few years, and the clear appetite that we have seen globally for products that can offer this kind of sustainable income solution shows that this is not just a European, but global phenomenon. This is consistent with an increasing client demand for outcome oriented solutions, rather than benchmark driven products, as highlighted in our recent client surveys.”
As well as a dedicated Multi-asset Investment team based in London, Schroders has Multi-asset professionals located in key financial centres across the globe. In total, the team now consists of over 100 professionals worldwide who manage in excess of £47 billion.