Schroders unveils multi-asset offshore fund in South Africa

Global asset management firm Schroders has launched an international fund for South African investors who want to access a multi-asset portfolio.

The firm said the product will meet demand in the country for “quality” offshore multi-asset funds.

The Financial Sector Conduct Authority (FSCA)-approved International Selection Fund Global Managed Growth fund is offering local clients “strong diversification benefits at a time when they need it most”.

Schroders now has a total of 12 funds approved for distribution by FSCA.

Geographical diversification

Tim Carr, multi-asset fund and product manager at Schroders, said: “Given South Africa’s low-growth economic environment, this fund seeks to deliver long-term capital growth over five-to-seven years by investing in a diversified global portfolio of equities, fixed income and alternative assets.

“This means South African investors will benefit from geographical diversification and a smoother return path driven by a dynamic asset allocation.

“[This is] an approach that focuses on actively managing the portfolio through these unprecedented covid-19 times, with the ability to change, sometimes drastically, how the fund is positioned depending on current market movements.”

Source: International Adviser