Schroders Korea raises W100b for international sustainable development fund

Schroders Korea stated on Monday it had pooled greater than 100 billion received ($ 88 million) from South Korean finish buyers earlier this month via its fund product designed to carry a portfolio of its flagship fund of worldwide sustainable actions.

It’s the first to cross the edge of Korean funds devoted to overseas shares whereas making an allowance for environmental, social and governance components, in accordance with Schroders Korea.

Schroders Korea has been elevating Korean capital for this system since July final 12 months, via a gross sales community comprising 10 monetary establishments, together with KB Kookmin Financial institution and Mirae Asset Daewoo.

The pooled investments are uncovered to the Luxembourg-based Schroder Worldwide Choice Fund, International Sustainable Development C Accumulation USD.

Established in 2010, the fund goals to pursue capital development by investing in international equities that meet Schroders sustainability standards. In January 2021, the fund returned 29.2% over the previous 12 months, outperforming the benchmark MSCI ACWI NR which gained 17%.

Main holdings within the fund embrace Microsoft, father or mother firm of Google Alphabet, Texas Devices, Taiwan Semiconductor Manufacturing Co., Tencent Holdings, Roche Holding, Reserving Holdings and Assa Abloy.

By Son Ji-hyoung ([email protected])


About Author

Comments are closed.