Schroders has announced a change to the investment mandate of its Far East Income Fund.
Currently the fund aims to deliver a combination of long term income and capital growth through investing in companies from the Far East. The countries in which it can invest currently includes Japan, but Schroders has opted to alter the fund’s remit so that Japan is excluded.
This will not have any immediate impact on the fund, since at present it is only 7% invested in Japan. However, without access to this developed market the fund will be more focused on emerging markets in future, so the change can be considered to slightly increase risk (in what was in any case a higher risk fund).
This change is due to take place on 14th December, and from this date the fund will be renamed to Schroder Asian Income.
> Key Features of the Schroder Far East Income Fund
Stuart Goodwin
Analyst
Currently the fund aims to deliver a combination of long term income and capital growth through investing in companies from the Far East. The countries in which it can invest currently includes Japan, but Schroders has opted to alter the fund’s remit so that Japan is excluded.
This will not have any immediate impact on the fund, since at present it is only 7% invested in Japan. However, without access to this developed market the fund will be more focused on emerging markets in future, so the change can be considered to slightly increase risk (in what was in any case a higher risk fund).
This change is due to take place on 14th December, and from this date the fund will be renamed to Schroder Asian Income.
> Key Features of the Schroder Far East Income Fund
Stuart Goodwin
Analyst
