Asset Management Awards for Excellence 2019 – Best Fund Provider – RMB Bond

Best Fund Provider RMB Bond



Best Fund Provider – RMB Bond

Zal Devitre

head of private banks & global financial client group, Asia, Schroders

“Schroders is proud to offer a strong range of strategies across equities, fixed income, multi-asset, and alternatives. This breadth of capabilities equips us to be a go-to all-weather partner in the wealth management space. We pride ourselves on delivering strong client service, both on the ground in Asia, and extending to other geographies where our partners do business or conduct due diligence.

Our RMB bond strategy gives clients access to the wider domestic Chinese fixed income market, offering exciting opportunities for returns while diversifying clients’ portfolios from correlated bond markets in the US and Europe.

We are committed to quality fundamental research, disciplined portfolio construction, and generating solutions that satisfy our clients’ investment needs. Our success in building long-term partnerships with our clients has been driven by the performance of our strategies that speaks for itself and differentiates us from the field.

The outlook for 2019 is looking exciting with bond markets offering very attractive yields to enhance clients’ income — particularly in Asian and Chinese bonds which we expect to perform well.”

Winners rationale

The opening up of China’s bond market — currently the third largest in the world after the US and Japan — presents a tremendous opportunity for global investors seeking access to crisp new fixed opportunities. It also plays into the hands of solutions providers with a tradition of innovation and proficiencies rooted in the RMB bond space.

Schroders was highlighted by private banking fund selectors as best-in-breed for its consistent delivery of attractive returns through its RMB bond strategies. In particular, the Schroder ISF RMB Fixed Income strategy drew widespread praise from regional gatekeepers.

Through the China Interbank Bond Market Direct scheme, and occasionally through the RQFII regime, the flexible strategy accesses the China onshore market directly but also indirectly via notes, certificates, open-ended investment funds, and derivatives.

The fund achieves attractive returns by engaging in a variety of active investment strategies such as making allocations based on the direction of interest rates, sector allocation between government bonds and corporate debt, as well as through focused bottom-up security selection.

Going forward, the asset manager predicts that a larger set of opportunities will be made available to investors looking to harness the robust growth of the Chinese bond market and has put forth efforts in achieving issuer diversity as the maturity profile of the market continues to lengthen.

“Amongst our outstanding strategies, we plan to be championing in 2019 a select set of high conviction strategies focused on Asian and Chinese bond markets which will capitalise on the abundant opportunities to harness stable income for clients in the coming years,” said Schroders’ Zal Devitre, head of private banks & global financial client group, Asia.

“These strategies will stand out for their competitive performance and their focus on client outcome as the primary consideration.”

Schroders is the deserved winner of Asian Private Banker’s Best Fund Provider – RMB Bond for 2019.

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