Schroders hires former AMP investment director
Schroders has hired Pierre Wu as fixed income and multi-asset investment director, joining from AMP.
Source: moneymanagement.com.au
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Schroders has hired Pierre Wu as fixed income and multi-asset investment director, joining from AMP.
The $2.8 billion flagship Schroder Real Return fund is holding its lowest weighting to equities since inception in 2008, as its managers are opting to hold cash for unexpected opportunities instead.
Investors suffered in September, but we continue to be optimistic about markets given the unwavering support of central banks. Given the pullback, our forecasts for equity returns compared to cash and sovereign bonds have improved.