The latest in funds and investments news from across Asia.

Schroders Investment Management
Schroders’ Shanghai a subsidiary of the fund manager's mainland China business, has launched a new multi-asset domestic private fund.

The announcement follows Schroders’ launch of three private funds in May as it continues to focus on high net worth and institutional investors in mainland China, a market the firm is celebrating its 25th year in this year.

Called Schroder PFM China Multi-Asset Dynamic Allocation FOF No.1, the fund will be managed by Shanghai-based fund manager Evan Zhou, with support from the local research team and Schroders’ global multi-asset team, which manages around $95 billion of assets globally.

Describing recent market developments in China, Zhou said: “Ongoing global trade tension has caused Chinese A-shares to recede, but this has presented a buying opportunity of selective names for mid to long-term allocation.”

He said risk aversion has driven down Chinese bond yields, while Chinese sovereign bonds are “attractive” in the setting of a new round of global monetary easing.

“Overall, we remain positive but cautious on China’s economic outlook as stimulus measures continue to support growth. Against this mixed backdrop, a multi-asset strategy could be an appropriate investment approach for investors to consider,” Zhou said.

Head of China business for Schroders David Guo said the company is pleased with the pace of onshore offerings. “Acquiring the right local talent has been our growth strategy in mainland China and we look to further expand,” he said. This latest launch brings Schroders’ private fund offering to five.