Citywire Americas rounds-up the biggest news in the funds and Ucits investment universe as reported by Citywire’s global publications.
Schroder launches high conviction EM equity fund
Schroders has launched the Schroder ISF Emerging Markets Equity Alpha fund, high conviction strategy investing in 40-to-60 emerging market stocks at a time.
Davy also runs the Schroder Emerging Markets and Schroder ISF Emerging Markets funds. They will be supported by a team of 45 who together manage $32.7 billion on behalf of clients around the world
Deutsche Asset Management merged its ESG-focused bond strategy into a global fixed income fund following the exit of manager Dirk Aufderheide.
A spokesperson for Deutsche Asset Management said the high conviction fund will have more potential in the future as the firm continues to convert other bond funds into ESG-focused strategies.
HSBC Global Asset Management hired a new head of passive fixed income as it plans to launch a new Ucits fund range consisting of passive bond products.
For the newly created role, the firm brought on Sebastien Faucher from UK insurance giant Legal & General Investment Management where he was head of fixed income.