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Schroder Asian Discovery Class Z - Income (GBP)

Sell:116.90p Buy:116.90p Change: 1.10p (0.95%)
Prices as at 10 July 2026
Sell:116.90p
Buy:116.90p
Change: 1.10p (0.95%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Invest now
Prices as at 10 July 2026
Sell:116.90p
Buy:116.90p
Change: 1.10p (0.95%)
Prices as at 10 July 2026
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Invest now
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

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Our view on this Fund

This fund does not feature on the Wealth Shortlist of funds our analysts believe have the potential to outperform their peers over the long term. This is not a recommendation to sell; however, if you are thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start. View funds on the Wealth Shortlist »

This fund invests in smaller businesses that are based in Asian and emerging markets or make most of their money in these areas. Smaller and more innovative businesses offer lots of growth potential, but are higher risk because they’re at an earlier stage of their development. The fund could therefore be used in an investment portfolio that’s able to accept more volatility in search of higher potential long term returns..

Pablo Riveroll and Mohsin Memon took over management of the fund in July 2026, after previous managers Robin Parbrook and Alex Deane stepped down to focus on other fund management responsibilities. Given our conviction in this fund mostly rested with Parbrook, the new managers don’t have specific experience in managing an Asian smaller companies fund, and that a different investment approach will be used, we removed the fund from the Wealth Shortlist.

Our view on the sector

Asia is home to some of the most dynamic economies in the world and has the potential to grow strongly over the long term. Funds in this sector invest in more mature economies like Korea, Taiwan, Hong Kong and Singapore together with emerging economies such as the Philippines and Indonesia. Some also invest in other developed economies such as Australia. The region is home to some of the biggest economies in the world, like China and India, and a growing middle class means they're less reliant on exporting to the West. Domestic consumption and the growing use of technology could help drive the next phase of their growth. We think Asia is home to plenty of good investment opportunities but it's a higher-risk area to invest so a long-term approach is needed.

Performance Analysis

As well as this fund, Pablo Riveroll and Mohsin Memon manage the Schroder ISF Global Emerging Markets Smaller Companies fund. Since Riveroll became co-manager at the end of 2020, returns have been strong however, we typically expect it to be volatile. We expect Asian Discovery to be managed in a similar way.

A focus on smaller companies has the potential to boost growth but is higher risk than funds focused on larger companies. The fund can also use derivatives which can also increase risk.

Investment Philosophy

The managers look for companies that offer lots of growth potential but have so far been missed by most investors. They like it when they’re at an early stage of their development and could benefit from using new technologies or by developing exciting new products.

Process and Portfolio Construction

Pablo Riveroll and Mohsin Memon work closely with Schroders’ emerging markets team to help generate ideas for the fund. They like companies supported by healthy finances, with superior corporate governance standards, which are run by quality management teams. They’re prepared to be patient and invest in companies for the long term as they start to grow into larger firms.

Many developing economies are gradually switching from being export-led to focusing on domestic consumption, and the fund is focused on areas that could benefit from greater consumer spending. The fund invests in larger emerging markets like India and China, as well as smaller markets like Vietnam.

question mark Manager Track Record Based on HL Quantitative Research

  • Schroder Asian Discovery Fund A Acc
  • IA Asia Pacific (Excluding Japan)
FROM: TO:


Source: Refinitiv Lipper

Fund Track Record

10/07/21 to 10/07/22 10/07/22 to 10/07/23 10/07/23 to 10/07/24 10/07/24 to 10/07/25 10/07/25 to 10/07/26
Annual return -11.93% 3.76% 16.30% -0.02% 14.48%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

Fund Management Group Comment

Schroders is a member of the FTSE 100 Index and it focuses almost entirely on asset management for institutional, retail and private clients. Schroder funds incorporate all asset classes, including equities, fixed income and alternative investments. Schroder's fund managers draw on the detailed stock analysis from the group's analysts worldwide. The company has developed under stable ownership for over 200 years and long-term thinking governs its approach to investing, building client relationships and growing their business. In 2013 Schroders merged with Cazenove Capital Management to create one of the UK's largest private banking and wealth management houses.

Information about the fund

Fund manager biography

Manager Name: Robin Parbrook
Manager start date: 31 December 2020
Manager located in: TBC

TBC

Manager Name: Alex Deane
Manager start date: 31 December 2020
Manager located in: TBC

TBC

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Benchmark data provided subject to this disclaimer.
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Invest now