Schroder Investment Management (Hong Kong) Limited
Level 33, Two Pacific Place
88 Queensway, Hong Kong
施羅德投資管理﹝香港﹞有限公司
香港金鐘道 88 號太古廣場二座 33 字樓
Tel 電話：+852 2521 1633 Fax 傳真：+852 2530 9095
www.schroders.com.hk
Press Release
Important Information:
1. The fund invests primarily in Asian equities and fixed income securities which offer attractive yields and sustainable dividend payments.
The fund will have limited Renminbi (RMB) denominated underlying investments.
2. In respect of the distribution units, the manager will declare and pay monthly distributions. However, the distribution rate is not
guaranteed. Distribution yield is not indicative of the return of the fund. Distribution may be paid from capital of the fund. Investors
should note that where the payment of distributions are paid out of capital, this represents and amounts to a return or withdrawal of
part of the amount you originally invested or capital gains attributable to that and may result in an immediate decrease in the value of
units.
3. Changes in market interest rates will affect the value of debt securities held by the fund. The fund invests in below investment grade
and/or unrated debt securities may be subject to higher counterparty, credit and liquidity risk than higher rated securities.
4. The fund’s investment in emerging and less developed markets may be subject to significant risks such as political and economic risks,
legal and regulatory risks, market and settlement risks, execution and counterparty risk, and currency risk.
5. The fund may invest into investments denominated in currencies other than the fund's base currency and subject to currency and
exchange risk. If the investor’s based currency is a different currency than the share class’s currency being invested in, the investor
needs to carry out conversion and would involve conversion costs. RMB is currently not freely convertible. There is no assurance that
RMB will not be subject to devaluation.
6. The effects of hedging will be reflected in the net asset values of the respective hedged classes. Expenses arising from hedging
transactions may be significant and will be borne by the relevant hedged classes. This may preclude such investors to benefit from an
increase in the value of the fund’s base currency. Hedged share class hedges the fund’s base currency back to its currency of
denomination on a best efforts basis. The volatility of the hedged classes measured in the fund’s base currency may be higher than that
of the equivalent class denominated in the fund’s base currency.
7. The fund may invest in financial derivative instruments (FDI) for hedging purposes. In adverse situations, the fund’s use of FDI may
become ineffective in hedging and the fund may suffer significant losses. Risks associated with FDI include counterparty risk, credit risk
and liquidity risk. Such exposure may lead to a high risk of capital loss.
You should not make any investment decision solely based on this document. Please read the relevant offering document carefully for
further fund details including risk factors.
Schroders appoints Bocom Schroders
as master agent in Mainland China
Schroders aims to bring its flagship regional income-oriented fund, Schroder Asian Asset
Income Fund, as its first fund under Mutual Recognition of Funds
6 July 2015
HONG KONG – Schroder Investment Management (Hong Kong) Limited (“Schroders”) announced a
strategic partnership with its Mainland China joint venture, Bank of Communications Schroder Fund
Management Co., Ltd. (“Bocom Schroders”), to expand its footprint on the mainland mutual fund
market through the Mutual Recognition of Funds (MRF) scheme. With this agreement, Bocom
Schroders will serve as the master agent for Schroders funds on the mainland, and be responsible for
fund registration, liaison with regulators, distribution via its established network, and provide support
on fund marketing initiatives.
Lieven Debruyne, CEO, Hong Kong, Schroders, said: “Since the Bocom Schroders’ establishment
in 2005, we have a very close working relationship, particularly on our investment capabilities and
QDII business. We believe Bocom Schroders has comprehensive knowledge of the Schroders brand
and our investment philosophy. Together with its strong distribution network, it could best represent
and deliver our investment proposition to mainland investors.”
Schroder Investment Management (Hong Kong) Limited
Level 33, Two Pacific Place
88 Queensway, Hong Kong
施羅德投資管理﹝香港﹞有限公司
香港金鐘道 88 號太古廣場二座 33 字樓
Tel 電話：+852 2521 1633 Fax 傳真：+852 2530 9095
www.schroders.com.hk
Ruan Hong, CEO, Bocom Schroders, commented: “Bocom Schroders is one of the pioneers of the
asset management industry in Mainland China. We are pleased to be the master agent for Schroders
funds under MRF, which will further enhance our product range, providing clients with additional
access to global markets.”
The AUM of the Mainland China mutual fund market is RMB 5.24 trillion as of 31 March 2015, which
as a proportion of the country’s GDP is about 20%. 1 This indicates growth opportunity for the asset
management industry, as China’s aging society could mean increase in demand for diverse
investment solutions that can provide sustainable income and meet retirement needs.
Schroder Asian Asset Income Fund (“AAI”) that is domiciled in Hong Kong has been submitted for
CSRC’s authorisation. AAI is an Asia-focused multi-asset product that has an AUM of HK$43.00
billion as of 29 May 2015.
Lieven Debruyne added: “Schroders has been present and investing in Asia for more than 40 years,
and this experience enables us to bring the best investment ideas for Asia, such as the Schroder
Asian Asset Income Fund, to mainland retail investors. The past track record of AAI should appeal to
investors who seeking for stable, long-term investments, and its large AUM has the scale to span its
investment reach, which further diversifies risks and sources of potential returns. AAI complements
the range of domestic-themed investment products on the market, and we believe our fund will be the
ideal platform for Chinese investors wanting to begin investing internationally.”
Lieven Debruyne concluded: “The MRF is a major breakthrough in the asset management industry
which allows investors on both sides of the border to further capture long-term investment
opportunities in and outside of China. We see the current regulations for the scheme as the first stage
of an evolving process that will eventually allow greater flexibility and scalability for fund providers and
distributors, and as a result create wider investment choices for investors.”
About Schroders
Schroders is a global asset management company with £319.5 billion (EUR441.6 billion/$474.3
billion) under management as at 31 March 2015. Our clients are major financial institutions including
pension funds, banks and insurance companies, local and public authorities, governments, charities,
high net worth individuals and retail investors.
With one of the largest networks of offices of any dedicated asset management company, we operate
from 37 offices in 27 countries across Europe, the Americas, Asia and the Middle East. Schroders has
developed under stable ownership for over 200 years and long-term thinking governs our approach to
investing, building client relationships and growing our business.
Further information about Schroders can be found at www.schroders.com.hk.
1
PwC Hong Kong, Mainland and Hong Kong Mutual Recognition of Funds (MRF) – A new era for asset management
in China and Hong Kong, http://pwccn.com/webmedia/doc/635689436431726079_am_cnhk_mrf_jun2015.pdf (June
2015).
Schroder Investment Management (Hong Kong) Limited
Level 33, Two Pacific Place
88 Queensway, Hong Kong
施羅德投資管理﹝香港﹞有限公司
香港金鐘道 88 號太古廣場二座 33 字樓
Tel 電話：+852 2521 1633 Fax 傳真：+852 2530 9095
www.schroders.com.hk
About Bocom Schroders
Bank of Communications Schroder Fund Management Co., Ltd. is one of the first fund management
companies with a banking background, and is one of the leading joint venture asset managers in
China. Based in Shanghai, it was established in 2005 by Bank of Communications, Schroder
Investment Management Limited, and China International Ocean Shipping Container (Group) Co. Ltd.,
with each party holding a 65%, 30% and 5% stake in the company, respectively.
Since its establishment, Bocom Schroders adheres to its “century of trust and professional wealth
management” operating philosophy, providing long-term strategic counsel, innovative investment
solutions and outstanding services to its clients.
Bocom Schroders manages more than 46 investment products that include equity funds, multi-asset
funds, bond funds, QDII funds and ETFs. The company is also a pioneer in the Mainland China
personal wealth management sector, enhancing the company’s business through a diversified
approach.
Further information about Bocom Schroders can be found at www.fund001.com (simplified Chinese
only).
- End -
For further information, please contact:
Yvonne Ma
Head of Marketing, Hong Kong and China
Schroders
Tel: +852 2843 7725
Email: yvonne.ma@schroders.com
Peggy Lai
Marketing Manager, Hong Kong
Schroders
Tel: +852 2843 7745
Email: peggy.lai@schroders.com
Thomas Kwan
Madaket and Company Limited
Tel: +852 9018 2500
Email: thomas.kwan@madaketco.com
Mei Ying Chan
Madaket and Company Limited
Tel: +852 6425 5664
Email: meiying.chan@madaketco.com
Schroder Investment Management (Hong Kong) Limited
Level 33, Two Pacific Place
88 Queensway, Hong Kong
施羅德投資管理﹝香港﹞有限公司
香港金鐘道 88 號太古廣場二座 33 字樓
Tel 電話：+852 2521 1633 Fax 傳真：+852 2530 9095
www.schroders.com.hk
Important Information
Any security(s) mentioned above is for illustrative purpose only, not a recommendation to invest or divest.
This document is intended to be for information purposes only and it is not intended as promotional material in any
respect. The views and opinions contained herein are those of the author(s), and do not necessarily represent views
expressed or reflected in other Schroders communications, strategies or funds. The material is not intended to provide,
and should not be relied on for investment advice or recommendation. Opinions stated are matters of judgment, which
may change. Information herein is believed to be reliable, but Schroder Investment Management (Hong Kong) Limited
does not warrant its completeness or accuracy.
Investment involves risks. Past performance and any forecasts are not necessarily a guide to future or likely
performance. You should remember that the value of investments can go down as well as up and is not guaranteed.
Exchange rate changes may cause the value of the overseas investments to rise or fall. For risks associated with
investment in securities in emerging and less developed markets, please refer to the relevant offering document.
The information contained in this document is provided for information purpose only and does not constitute any
solicitation and offering of investment products. Potential investors should be aware that such investments involve
market risk and should be regarded as long-term investments.
Derivatives carry a high degree of risk and should only be considered by sophisticated investors.
This material, including the websites, has not been reviewed by the SFC. Issued by Schroder Investment Management
(Hong Kong) Limited.
Schroder Investment Management (Hong Kong) Limited
Level 33, Two Pacific Place, 88 Queensway, Hong Kong
Telephone +852 2521 1633 Fax +852 2530 9095