Schroders had suspended the fund at the end of March, after assets swelled to $5.2bn, which it said was the fund’s optimal capacity.
Garth Taljard, product manager of multi-asset at Schroders Hong Kong, said the capacity of the popular fund had been improved over the last few months, “and we believe tthat the fund manager will now be able to accept subscriptions and still manage the fund effectively, without jeopardising the interests of existing unit holders”.
“In addition, stock prices in the Asian yield universe have retreated from previously stretched levels earlier in the year, and we believe they now offer a more attractive entry point,” Taljard added.
The Renminbi-hedged share class was added in response to the continuing growth of Renminbi deposits in Hong Kong, in order to give holders of the Chinese currency an additional investment channel.
The Asia Asset Income Fund was launched in June, 2011, and raised nearly $1bn in its first two months.
At the end of September, the assets in the fund’s Hong Kong-domiciled portion stood at $3.5bn, while those of its Singapore-domiciled portion totalled $1.1bn.
The fund is managed by Richard Coghlan, head of multi-asset in Hong Kong, and aims to provide investors with income and capital growth by investing in Asian equity and fixed income securities.
