DOCSLIB.ORG

Schroder ISF¹ Sustainable Multi-Asset Income Schroders Investment Conference

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Schroder ISF¹ Sustainable Multi-Asset Income Schroders Investment Conference Schroder ISF¹ Sustainable Multi-Asset Income Schroders Investment Conference 19–23 October Remi Olu-Pitan Marketing material for professional Head of Multi-Asset Growth investors or advisers only. and Income ¹Schroder International Selection Fund is referred to as Schroder ISF. Covid-19 has made the hunt for income even more difficult The virus has caused a dividend crisis Dividend cuts typically follow a fall in earnings Dividend futures¹ have fallen sharply Fall in earnings/ dividends 1970s 1980s 1990s Dotcom bubble 2009 Index 0% 400 -5% -3% 350 -5% -6% -10% 300 -15% -12% 250 -20% -19% -20% -20% -25% -22% 200 -30% 150 -31% -35% 100 -40% 50 -45% -46% -50% 0 2008 2010 2012 2014 2016 2018 2020 Fall in earnings Dividend cuts Eurostoxx FTSE 100 Source: Schroders. Datastream, UBS 31 August 2020. ¹A dividend future is an exchange-traded derivative contract that allows investors to take positions on future dividend payments. 2 Incorporating ESG can help Income from sustainable companies might be less at risk of impairment Companies that cancelled dividends have worse Companies with good sustainability tend to have sustainability scores lower leverage and stronger long-term growth Average sustainability score Debt to equity¹ 0% 140% 120% -1% 100% -2% 80% -3% 60% 40% -4% IBES EPS LT growth forecast² -5% 10% -6% 8% -7% 6% -8% 4% -9% 2% Dividend cancelled Dividend continued Sustainability below sector avg Sustainability above sector avg Source: Schroders, as at 31 May 2020. The universe is MSCI World Index. Sustainability score is based on our proprietary tool, SustainEx. SustainEx is a robust, objective framework to measure the social and environmental costs companies impose, or the benefits they provide, which are not currently recognised as financial costs or benefits. LHS: the average sustainability score of companies with cancelled dividends is worse than the average for those who have continued their dividend. RHS: ¹Debt to equity is debt as a percentage of equity. ²IBES EPS LT growth is a forecast of the long term growth in earnings per share. Companies that are less sustainable than their sector average have higher debt to equity and lower growth forecasts in earnings per share than more sustainable companies. 3 Schroder ISF Sustainable Multi-Asset Income Income and sustainability are equally important Aims to provide an income of 3–5% p.a. by investing in a diversified range of securities that meet our environmental, social and governance criteria Sustainable Impact reporting to show the difference that Multi-Asset investors make to the planet and people Income 100% of investment assets analysed from a sustainability perspective Source: Schroders. 4 Sustainable income derived from a broad range of assets Diversification across asset classes, regions and themes Sustainable equities Thematic ESG investing Sustainable fixed income ESG leaders through hybrids Source: Schroders. Diagram for illustrative purposes only. 5 Sustainable investing is not a ‘box-ticking’ exercise Active approach generating positive ESG impact alongside financial returns Extensive Positively ESG thematic Active ESG integrated negative tilted to investing for engagement research screening best-in-class positive impact and voting 100% of the fund’s holdings are analysed from a sustainability perspective Source: Schroders. For illustration only. 6 Proprietary ESG toolkit Investing in the future; identify and understand unpriced future risks Business activities with measurable social costs or benefits Forward looking measure of ESG impacts not yet reflected on financial statements Source: Schroders. Proprietary ESG tool, SustainEx is a robust, objective framework to measure the social and environmental costs companies impose, or the benefits they provide, which are not currently recognised as financial costs or benefits. 7 Thematic investing – carbon neutral equities Translation of the theme – three broad groups Renewable energy Smart grid Energy efficiency Grid infrastructure, Wind, solar, EV batteries, water energy meters and water and electricity meters, energy smart devices, distributors efficient chips enabling software Orsted, Atlantica Littlefuse, Badger Meter, Umicore, Acuity Brands, Sustainable Infrastructure Cisco Power Integrations Source: Schroders, as at 30 June 2020. For illustrative purposes only, it does not represent any recommendation to invest in the above mentioned securities. 8 Schroder ISF Sustainable Multi-Asset Income Portfolio of high yielding securities, active in all areas of ESG Asset allocation 30% 25% 20% 15% 10% 5% 0% -5% -10% Sustainable Sustainable Sustainable Sustainable Equity futures Sustainable IG Sustainable US Sustainable DM Sustainable EMD ESG leaders ESG leaders Cash global equities REITs European thematic credit high yield gov. bonds preferred convertible equities equities securities bonds Equities Fixed income Hybrids Cash 29.5% 58.0% 10.8% 1.7% Source: Schroders, as at 30 September 2020. For illustrative purposes only and not to be viewed as a recommendation to buy/sell securities. 9 Transparent impact reporting Make a lasting impact with your investment choices Overall Impact Impact on People 7.1% More positive 5.5% Overall impact on More positive 0.2% 2.7% People and Planet impact on Better Less People Salaries & Benefits Tobacco 5% 4.3% for Employees 3% +7.1% Impact on Planet 0% -3% 1.6% More positive 0.1% 0.8% -2.8% impact on -5% Better Lower Planet Fund Comparator Access to Water Carbon Emissions Portfolio exposure to sectors least likely to transition Fund 0.0% 0.0% 0.0% Sector Fossill Fuel E&P Nuclear Weapons Power Generation Comparator 2.5% 1.2% 1.4% Source: Schroders as of 30 September 2020. The overall impact score, impact on people and impact on planet is calculated using our proprietary tool SustainEx. SustainEx measures the net benefits or harms to society that companies create per $100 of revenue they produce, expressed as a percentage. For example, a SustainEx score of +2% means that the aggregated companies in the portfolio adds $2 of benefits to society for every $100 of sales. Comparator represents by 30% MSCI AC World Index + 70% Barclays Global Aggregate Corporate Index. 10 Income and impact. Sustainably. Schroder ISF Sustainable Multi-Asset Income Targets a Expertise of 1stable natural 100% analysed Transparent 5 Schroders base level of from a reporting for multi-asset income of 2 4 sustainability Proprietary measurable and ESG 3–5% p.a. perspective 3 ESG toolkit positive impact teams for best-in- class ideas Source: Schroders. 11 Schroder ISF Sustainable Multi-Asset Income Risk considerations Operational processes, including those related to the safekeeping of assets, may fail. This may result in losses to the fund. The fund may have contractual agreements with counterparties. If a counterparty is unable to fulfil their obligations, the sum that they owe to the fund may be lost in part or in whole. The fund may lose value as a result of movements in foreign exchange rates. If a bond held in the portfolio defaults, this may reduce interest payments and could result in the capital value of the fund at maturity being lower than the initial investment. High yield bonds (normally lower rated or unrated) generally carry greater market, credit and liquidity risk. Investment objectives express an intended result but there is no guarantee that such a result will be achieved. Depending on market conditions and the macro economic environment, investment objectives may become more difficult to achieve. The transition of the financial markets away from the use of interbank offered rates (IBORs) to alternative reference rates may impact the valuation of certain holdings and disrupt liquidity in certain instruments. This may impact the investment performance of the fund. The fund may invest in mortgage or asset-backed securities. The underlying borrowers of these securities may not be able to pay back the full amount that they owe, which may result in losses to the fund. Emerging markets, and especially frontier markets, generally carry greater political, legal, counterparty, operational and liquidity risk than developed markets. Derivatives are used to generate income (which is paid to investors) and to reduce the volatility of returns but they may also reduce fund performance or erode capital value. As the fund intends to pay dividends regardless of its performance, a dividend may represent a return of part of the amount you invested A decline in the financial health of an issuer could cause the value of its bonds to fall or become worthless. In difficult market conditions, the fund may not be able to sell a security for full value or at all. This could affect performance and could cause the fund to defer or suspend redemptions of its shares. 12 Appendix Schroder ISF Sustainable Multi-Asset Income Term sheet The fund aims to provide an income of 3–5% per annum by investing in a diversified range of assets and markets worldwide which meet the investment manager's Investment objective sustainability criteria. This is not guaranteed and could change depending on market conditions. Risk profile The Fund aims to provide a risk profile comparable to a portfolio of 30% equities and 70% fixed income. Equities 10%–50% Government Bonds 0%–50% Hybrids 0%–25% High Yield 0%–50% EM Hard Currency 0%–30% Alternatives 0%–20% Asset class ranges Investment Grade 0%–60% EM Local Currency 0%–30% Cash 0%–20% Green Bonds 0%–5% Inception date 21 January 2020 Liquidity Daily Domicile and regulatory regime Domicile: Luxembourg;
Load more

Recommended publications
  • Schroder Investment Fund Company Prospectus 1 September 2021
    Schroder Investment Fund Company Prospectus 1 September 2021 United Kingdom (SIFCO) Schroder Investment Fund Company (SIFCO) Prospectus 1 September 2021 Schroder Unit Trusts Limited Internet Site: http://www.schroders.co.uk Important Information Prospectus of Schroder Investment Fund Company not, under any circumstances, create any implication that the affairs of the Company have not changed since the date An investment company with variable capital incorporated hereof. with limited liability and registered in England and Wales under Regulation 4 of the Open Ended Investment The distribution of this Prospectus and the offering of Shares Companies Regulations 2001, as amended or re-enacted from in certain jurisdictions may be restricted. Persons into whose time to time. possession this Prospectus comes are required by the Company to inform themselves about and to observe any This document (this Prospectus) constitutes the prospectus such restrictions. This Prospectus does not constitute an offer for Schroder Investment Fund Company (the Company), or solicitation by anyone in any jurisdiction in which such an which has been prepared in accordance with the Collective offer or solicitation is not authorised or to any person to Investment Schemes (COLL) Sourcebook of the Financial whom it is unlawful to make such offer or solicitation. Conduct Authority (FCA) made under the Financial Services and Markets Act 2000. Shares in the Company are not listed or dealt on any investment exchange. This Prospectus is dated, and is valid as at 1 September 2021. Potential investors should not treat the contents of this Copies of this Prospectus have been sent to the FCA and the Prospectus as advice relating to legal, taxation, investment or Depositary.
    [Show full text]
  • Sustainable Investing for a Changing World Annual Report 2016 About Schroders
    Sustainable investing for a changing world Annual Report 2016 About Schroders At Schroders, asset management is our only business and our goals are completely aligned with those of our clients: the creation of long-term value to assist them in meeting their future financial requirements. We have responsibility for £397.1 billion As responsible investors and signatories (€465.2 billion/$490.6 billion) on behalf to the UN’s Principles for Responsible of institutional and retail investors, Investment (PRI) we consider the long-term financial institutions and high net worth risks and opportunities that will affect the clients from around the world, invested resilience of the assets in which we invest. across equities, fixed income, multi-asset, This approach is supported by our alternatives and real estate. Environmental, Social and Governance (ESG) Policy and our Responsible Real Estate Investment Policy. Presence in 41 offices P 27 countries globally £397.1 bn assets 4,100+ under management employees and administration 15% 15% 4% 4% 10% 10% 39% 39% 40% 40% 21% 21% by client by client By product domicile domicile By product 21% 21% 25% 25% 25% 25% United KingdomUnited Kingdom Asia Pac ific Asia Pacific uities uities ultiasset ultiasset urope iddleurope ast and iddle frica ast and fricamericas mericas Wealth manaementWealth manaementied income ied income merin maretmerin debt commoditiesmaret debt andcommodities real estate and real estate Source: Schroders, as at 31 December 2016 1 The companies and sectors mentioned herein are for illustrative purposes only and are not to be considered a recommendation to buy or sell. % W P X AA AAA 2016 has shown that the social and environmental backdrop facing companies is changing quickly and pressures are coming to a head.
    [Show full text]
  • Chairman's Governance Letter
    64 BAE Systems | Annual Report 2016 Chairman’s governance letter Contents Dear Shareholders, During the course of the year, the Financial We welcomed the FRC’s report and the Chairman’s governance letter 64 Reporting Council (FRC) published its report principles of stakeholder engagement, Governance highlights 65 on Corporate Culture and the Role of Boards. directors’ duties and the importance of Board governance 66 The report contained key observations corporate integrity and responsible behaviour that it outlined. Board of directors 68 about the value of culture in driving the right behaviours in the boardroom and at Board information 70 Towards the end of 2016, there was another all levels in the company. We were pleased important governance publication, with the Governance disclosures 71 to see that the report included a case study UK government publishing a wide-ranging Audit Committee report 72 on BAE Systems, illustrating the work we had Green Paper on Corporate Governance undertaken over a number of years to foster Reform. Both documents quote in full the Corporate Responsibility high levels of personal trust between trade Committee report 76 basic duty of a company director as detailed unions and the Company’s senior leadership. in Section 172 of the Companies Act. Nominations Committee report 78 As part of this year’s Board evaluation, we Remuneration Committee report 79 have asked Board members to reflect on the In summary, the duty is to promote the questions asked in the FRC’s report concerning success of the company and, in doing so, corporate culture and provide their thoughts have regard to, amongst other matters, the on what they see within BAE Systems.
    [Show full text]
  • Schroder ISF Global Recovery Management Company Schroder Investment Management (Europe) S.A
    Fund objectives and investment policy The fund aims to provide capital growth in excess of the MSCI World (Net TR) Index after fees have been deducted over a three to five year period by investing in equities of companies worldwide that have suffered a severe set back in either share price or profitability. Relevant risk as associated with this Fund are shown overleaf and should be carefully considered before making any investment. Above is the Investment Objective of the fund. For details on the fund’s Investment Policy please see the KIID. Past Performance is not a guide to future performance and may not be repeated. The value of investments and the income from them may go down as well as up and investors may not get back the amounts originally invested. Exchange rate changes may cause the value of any overseas investments to rise or fall. Share class performance (%) Fund facts Cumulative Fund manager Liam Nunn 1 month 3 months YTD 1 year 3 years 5 years Since inception Andrew Lyddon performance Simon Adler Nick Kirrage Share class (Net) 2,1 -2,2 19,1 46,4 25,2 54,3 69,8 Managed fund since 28.02.2020 ; 09.10.2013 ; Target 2,5 5,9 17,9 29,8 51,9 99,7 139,1 01.11.2018 ; 09.10.2013 Fund management Schroder Investment Comparator 1 1,6 0,8 17,3 31,4 26,5 55,9 78,3 company Management (Europe) Comparator 2 1,9 2,4 15,0 31,5 36,6 70,1 85,1 S.A.
    [Show full text]
  • Accenture Retirement Savings Plan
    Accenture Retirement Savings Plan Statement of Investment Principles – Default Investment Options 27 September 2019 1. Background Members who do not make an investment choice are invested in the Plan’s default investment options. The Trustee has selected the Lifestyle Strategy - Drawdown Focus as the default investment option. This is the current default arrangement for new joiners to the Plan. Prior to January 2016, new joiners to the Auto Enrolment Section were auto- enrolled into Flexicycle. Flexicycle was closed to new members in January 2016 (and most members were transferred to the Lifestyle Strategy – Drawdown Focus). However, Flexicycle continues to operate for members that were already in the de-risking phase and purchasing annuity protection funds at this date and who have not selected an alternative investment option. Members invested via Flexicycle continue to have the option to switch out to the other investment options at any time. 2. Investment Strategy 2.1 Investment Aims, Objectives and Expected Returns The Lifestyle Strategy - Drawdown Focus aims to generate capital growth over the long term. In the years prior to retirement, the lifestyle aims to reduce the volatility of the member’s expected pension pot through investing in a diversified portfolio that aims to provide a balance between risk and return. This, together with new contributions from members and the Principal Employer, will provide a fund at retirement with which to transfer to an arrangement offering the facility to drawdown an income during retirement. The Flexicycle aims to generate capital growth over the long term. In the years prior to retirement, the Flexicycle aims to reduce the volatility of the annuity income the member can secure at retirement and the value of their tax free cash lump sum.
    [Show full text]
  • Fund Objectives and Investment Policy Share Class
    Fund objectives and investment policy The investment objective of this investment fund is to achieve long-term capital growth through investments in equities and other equity securities of Swiss companies. The investment fund uses the performance of the Swiss Performance Index (SPI) as a benchmark. The investment fund is managed by the fund management on a discretionary basis. The fund management is not limited to investments pursuant to the composition of the SPI. The fund's assets are mainly invested in equities and other equity securities (equities, dividend rights certificates, cooperative shares, participation certificates and similar) of companies with a registered office or predominant activity in Switzerland. Up to one-third of the fund's assets may be invested in equities and other equity securities of companies listed on European and North American stock markets, equity or index funds that are part of a Swiss equity index or a specific segment thereof, debt securities or money market instruments. Derivatives may be used to achieve the investment objective and to reduce risk or manage the investment fund more efficiently. Shares of the investment fund may, in principle, be redeemed on any banking day, subject to the exceptions listed in the prospectus. The returns from this share class are reinvested. The investment fund shall also bear all incidental costs for the purchase and sale of investments (standard brokerage fees, commissions, taxes, etc.) incurred in the management of the investment fund's assets. These costs shall be directly offset against the acquisition or redemption value of the respective investments. These incidental costs shall be incurred in addition to the fees listed under “Charges” and reduce the return on investment.
    [Show full text]
  • Standard Life Aberdeen (SLA); FTSE 100; Financial Services
    Selling: Standard Life Aberdeen (SLA); FTSE 100; Financial Services Managing a portfolio is a lot like managing a garden. In gardening there are regular recurring tasks such as trimming back fast-growing plants and replacing unattractive plants with more attractive alternatives. In a portfolio this means regularly trimming back oversized positions and replacing unattractive holdings with more attractive alternatives. Average purchase price Current price Holding period (including investment in Aberdeen AM) £3.76 £2.90 Feb 2016 to Apr 2021 (5yrs 2mo) Capital gain Dividend income Annualised return (including return of capital from de-mergers) -13.4% 31.2% 4.0% “Standard Life Aberdeen is one of the world’s largest investment companies, the largest active manager in the UK and one of the largest in Europe. It has a significant global presence and the scale and expertise to help clients meet their investment goals.” Overview Standard Life Aberdeen (SLA) originally joined the model portfolio in 2016 as Aberdeen Asset Management, which was then the second largest active fund manager in the UK (second only to Schroders). This investment worked out well, with the 2017 merger of Aberdeen and Standard Life leading to annualised return of 17% at the merger date. I decided to hold on to the SLA shares post merger because Standard Life was a leading asset manager and the combined group promised additional economies of scale and a more diverse and robust business. Four years later and as a more experienced investor, I now think both companies lacked durable competitive advantages and I think that’s true of the combined business too.
    [Show full text]
  • Fund Objectives and Investment Policy Share Class
    Fund objectives and investment policy The fund aims to provide long term capital growth in excess of the FTSE 250 ex Investment Trusts (Gross Total Return) index (after fees have been deducted) over a 3 to 5 year period by investing in equities of companies listed in the FTSE 250 ex Investment Trusts. The fund is actively managed and invests at least 80% of its assets in equities of UK companies listed in the FTSE 250 Ex- Investment Trusts index. These are companies that are incorporated, headquartered or have their principal business activities in the UK.The investment manager believes that these investments can potentially offer faster rates of profit and dividend growth and higher long-term returns than their larger counterparts. The fund may also invest in former components of, or expected entrants into, that index if the investment manager believes it may be advantageous to do so. The fund may also invest directly or indirectly in other securities (including in other asset classes), countries, regions, industries or currencies, collective investment schemes (including Schroder funds), warrants and money market instruments, and hold cash. The fund may use derivatives with the aim of reducing risk or managing the fund more efficiently. Relevant risk as associated with this Fund are shown overleaf and should be carefully considered before making any investment. Share class performance Fund facts Cumulative Fund manager Andrew Brough 1 month 3 months YTD 1 year 3 years 5 years 10 years performance Managed fund since 19.11.1999 Share class
    [Show full text]
  • Schroders Annual Report Governance Report
    Board of Directors and Company Secretary Leading a world class business Michael Dobson Peter Harrison Richard Keers Chairman Group Chief Executive Chief Financial Officer Appointed Chairman in April 2016, having Appointed Group Chief Executive in April Appointed a Director and Chief Financial been Chief Executive since November 2001. 2016. He was an executive Director and Head Officer in May 2013. He first joined the Board as a non-executive of Investment from May 2014. Director in April 2001. Experience: He is a chartered accountant and Experience: He began his career at Schroders was a senior audit partner at Experience: Prior to joining Schroders he was and subsequently held roles at Newton PricewaterhouseCoopers LLP (PwC) until May Chief Executive of Morgan Grenfell Group Investment Management, J.P. Morgan Asset 2013. He became a partner at PwC in 1997 and a member of the Board of Managing Management as Head of Global Equities and and has 25 years’ experience in the audits of Directors of Deutsche Bank AG. Multi-Asset and at Deutsche Asset global financial services groups. His Management as Global Chief Investment experience includes time spent in PwC’s New External appointments: Member of the Officer. He was Chairman and Chief Executive York, Sydney, Edinburgh and London offices. President’s Committee of the Confederation of RWC Partners before re-joining Schroders of British Industry, Advisor to G3 Group. as Global Head of Equities in March 2013. External appointments: None. Committee membership: Chairman of the External appointments: Member of the Nominations Committee. Investment Association Advisory Council and the Impact-Weighted Accounts Initiative Leadership Council.
    [Show full text]
  • Sustainable Investment Report Second Quarter 2020
    Sustainable Investment Report Second quarter 2020 For Financial Intermediary, Institutional and Consultant Use Only. Not for redistribution under any circumstances. Contents 1 12 Introduction Stewardship Insights Is the time ripe for virtual AGMs? Engagement in practice: Barclays’ climate shareholder resolution Engagement in practice: Contributing to influencing the boards of big banks Engagement in practice: Drax’s transition to cleaner power 2 17 Sustainability Insights Stewardship Activity A new social contract – how are Engagement in numbers companies treating their employees as the Covid-19 crisis unfolds? Voting in numbers Keeping food on the table during Total company engagement Covid-19, but at what cost? Engagement progress Will Covid-19 prove a pivotal moment for climate change? How climate change may impact financial markets As we begin the process of unwinding global lockdown, the inevitable scrutiny of what we could have done better is underway. There are plenty of ways we can learn from the crisis and perhaps when the anticipated second wave comes, we will be better prepared. Sustainable investing has been under the spotlight throughout the crisis; we now look to what this might mean in a post- Covid-19 world. Hannah Simons Head of Sustainability Strategy For many people, sustainable investment has historically focused In a Q&A with two of our economists, Craig Botham and Irene on environmental considerations. The crisis has seen a rise in the Lauro, we also unveil our latest long-term market forecasts, which focus on the ‘S’ part of ESG. We’ve long argued that companies for the first time incorporate the impact of climate change.
    [Show full text]
  • June 2020 Russell Portfolio Series
    RUSSELL INVESTMENTS PORTFOLIO SERIES – CONSERVATIVE // PORTFOLIO STRUCTURE * As at 30/06/2020 AUSTRALIAN SHARES INTERNATIONAL SHARES FIXED INTEREST ALTERNATIVES PROPERTY Russell Investments Global Russell Investments Australian Amundi Absolute Volatility World Vanguard International Property Russell Investments Australian 11.50% 2.90% 24.50% 0.50% 3.00% Shares Core Fund Opportunities Fund- $A Hedged Bond Fund Equities AUDH Class Securities Index Fund (Hedged) Ausbil 2.01% Fiera Capital 0.44% AMP Capital 5.02% Amundi 0.50% Vanguard 3.00% DFA 1.44% J O Hambro Capital Management 0.23% Russell Investments 4.90% Russell Investments Global 5.00% Vanguard Australian 1.00% Investors Mutual Limited 1.73% Nissay Asset Management 0.23% UBS 6.74% High Yield Fund Property Securities Index Fund Numeric Investors 2.01% Numeric Investors 0.35% Western Asset 7.84% Barings, LLC 1.25% Vanguard 1.00% Platypus 2.01% Oaktree Capital 0.23% Russell Investments Australian 15.00% Hermes Sourcecap 1.25% Russell Investments 2.30% Russell Investments 0.52% Cash Enhanced Fund Russell Investments 2.50% RWC Partners 0.20% Perpetual 10.50% Russell Investments Multi- 1.00% Sanders Capital, LLC 0.44% Russell Investments 4.50% Strategy Volatility Wellington Management Company Premia Fund LLP 0.26% 21.00% Russell Investments International Bond Fund - $A Hedged Russell Investments Multi-Asset 4.70% Russell Investments 1.00% Factor Exposure Fund BlueBay 4.20% Russell Investments Multi-Asset 2.00% Russell Investments 4.70% Colchester 4.83% Income Strategy Fund Russell Investments
    [Show full text]
  • News Release
    News Release 17 January 2020 Schroders is today announcing that it has appointed a Deputy Head of Credit for Europe as the firm continues to grow its global credit capability in response to clients’ evolving investment needs. Julien Houdain has assumed the newly-created role and will be based in London. He will report into Patrick Vogel, Head of Credit for Europe, and will work alongside Patrick and the credit team on Schroders’ credit strategy. He joins from Legal & General Investment Management where he was most recently Head of Global Bond Strategies, having joined the asset manager in 2007. Patrick Vogel, Head of Credit for Europe, commented: “Julien is a highly-valued addition to Schroders’ credit platform. He has a great deal of experience in managing complex Global Credit strategies and identifying opportunities to deliver robust performance for clients. Julien will complement our ability to manage risk across global credit markets in a dynamic way. “This, combined with Julien’s experience in quantitative investment techniques, adds to the considerable strength and depth of Schroders’ credit capability.” In November, Schroders announced it had hired Saida Eggerstedt as Head of Sustainable Credit, another newly-created role which entails working in partnership with Schroders’ Sustainability and Fixed Income teams. Schroders manages £78.1 billion* in fixed income strategies on behalf of its clients globally, representing almost a fifth of the firm’s total assets under management. *As at 30 June 2019 ### Page 2 of 2 For further information, please contact: Thomas Kwan Tel: +852 3008 3811 Hume Brophy (Hong Kong) Email: [email protected] Zita Lo Tel: +852 2843 7559 Schroder Investment Management (Hong Kong) Email: [email protected] Limited About Schroders As a global investment manager, we help institutions, intermediaries and individuals meet their goals, fulfil their ambitions, and prepare for the future.
    [Show full text]