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Schroder Asian Income

Elite Rated by FundCalibre

This fund gives equity investors access to the higher growth Asian economies, excluding Japan but including Australia and New Zealand. The fund’s income-focused mandate means it is likely to be less volatile than most other Asian funds and could add diversification to an income portfolio.

Company Description

Founded in London in 1804, today Schroders operates in more than 25 countries, employing more than 3,500 people, close to the markets in which they invest. With more than 35 offices worldwide, Schroders is listed on the London Stock Exchange and invests in a range of asset classes including equity, fixed income, multi-asset and alternatives.

Factsheet_schroders_logo

Fund Manager

Richard Sennitt joined Schroders in 1993 and has managed this fund since 2001, although the fund has only been in its current form since 2009. He has a wealth of experience managing Asian equities and is supported by Schroders’ analyst resources, some of whom are based in the region.

Factsheet_sennitt

Asian markets remain an attractive hunting ground for income seekers. We look for good quality, competitively priced businesses that are able to grow and maintain their dividend payouts.

Richard Sennitt - Fund Manager

The Investment Process

Fundamental company analysis drives stock selection. Valuation and the sustainability of the dividend are important factors, and also contribute to the manager’s sell discipline. Suitable candidates are then subjected to qualitative analysis, including company visits. The portfolio typically holds 60-80 stocks.

Risk

As the fund invests in the Asia region, which consists of many developing markets, it is likely to be more risky than an investment in a developed market equity fund, such as the UK. However, the manager’s preference for income-paying stocks means the fund is likely to be less volatile than some other Asian-focused funds. Investors should also be aware of the currency risk.

Our Opinion

The investment process is well thought out and has been implemented with diligence and skill. Richard’s experience, combined with the strength and depth of Schroders’ analyst team, make this fund stand out. This fund may add diversification to an income portfolio, but the fund as a standalone investment is more risky than most other equity income funds.

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