Schroders re-opens Asian income fund after asset drop

Schroder Investment Management is re-opening its Asian asset income fund in an effort to boost assets, which have dropped by almost a third from their peak earlier this year. It has also launched a renminbi-hedged share class for the product. Income strategies have been popular in recent years as an alternative to cash due to record low interest rates, and Schroders’ Asian asset income fund is no exception. The firm raised $5.2 billion in assets for the Hong Kong-domiciled fund in…