Schroders launches renminbi bond fund

Schroders has launched a renminbi bond fund for new recruit Rajeev De Mello, who joined from Western Asset Management last year.

The head of Asian fixed income will run the ISF RMB Fixed Income fund, a new strategy giving offshore investors access to China’s fixed income market De Mello (pictured) will be supported by fixed income manager Angus Hui. The team will take fundamental views on the direction of the Chinese bond market, maturities along the yield curve, sector and company selection. Investments will be in Chinese government bonds and Chinese and foreign companies bonds issued in renminbi. The new fund will aim to provide long-term capital growth and income in renminbi terms. Karl Dasher, global ...