Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Schroders Shares Forecasts at its Media Breakfast Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, March 19, 2014

Schroders Shares Forecasts at its Media Breakfast

Reported by Anastasia Donde

Schroders, a U.K.-based asset management firm that has been looking to grow its U.S. footprint, held its annual media event at the posh New York Palace Hotel this morning, and Alan Brown, the firm's senior advisor and former CIO, and several investment experts discussed the firm's plans, market conditions and opportunities.

After munching on breakfast burritos, fruit and pastry, some 50 attendees were invited to listen to introductions by Brown and Karl Dasher, CEO for North America and co-head of Fixed-Income, on the firm's current position and investment plans going forward.

Schroders manages $435.4 billion in global assets (with about $54.5 billion in U.S. money), which were partly bolstered by Schroders' acquisition of $11 billion STW Fixed Income Management last year. Dasher says the amount of U.S. assets has doubled in the past five years and Schroders is looking to double it again in the next three to five years.

Following investors' "near death experience" in 2008-09, the firm and its clients have been looking to more outcome-oriented solutions, so the firm's Multi-Asset Investments group has been growing and working on building risk allocation, rather than asset allocation, strategies for both retail and institutional clients.

Even though the return potential for bonds going forward appears to be low, Schroders' fixed-income portfolio managers are optimistic about some sectors. Although turmoil, uncertainty and political upheaval continue to roil the emerging markets, Jim Barrineau, co-head of emerging market debt at Schroders, says investors can benefit from cherry-picking the right EM debt areas and that it's one of the few sectors that has adapted to the Fed's tapering of its asset purchasing program.

"People are starting to differentiate between good EM debt and bad EM debt," he said.

Investment grade corporate bonds can also serve as a risk reduction benefit within a portfolio, said Wes Sparks, head of U.S. taxable fixed income. Andy Charlton, portfolio manager on the Fixed Income Value team, thinks that municipal bonds are the next place to go from a relative value perspective. Sparks also said that he is more concerned about hedging interest rate risk rather than credit risk right now.

Schroders' equity experts said that with the U.S. economy having made a comeback and Europe being on its way back, stock return potential should still be good in these areas. Bob Kaynor, research director of U.S. small and mid-cap equities, said industries like housing, transportation and aviation, which have undergone dramatic transformations in recent years, will be ones to watch. Allan Conway, Schroders' head of emerging market equities said he's still negative on the sector given all the headwinds surrounding it, but thinks some regions should lead to an avalanche of cheap investment opportunities by the end of this year.

"It's a question of timing," he said.

Nico Marais, head of multi-asset investment and portfolio solutions, said he is working with clients on diversified portfolios targeted toward the investor's specific goals rather than a rigid asset allocation. Brown agreed that these mandates need to be as unconstrained and as flexible as possible to dampen volatility and compensate for low return forecasts in traditional fixed income.

"One of the mistakes that money managers make is failing to manage expectations with clients," Marais said. Something that concerns him is that "everything seems to be priced in right now. Nothing seems to be attractive" from a value investing standpoint.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2025: Q3Q2Q1
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly


    Sorry, no records in the database matched your search parameters. Clich back and try again.



  1. Nicsa webinar - New research by Alex Edmans and the Diversity Project - The Power of diverse thinking: How the best teams make decisions, July 1
  2. MFDF Director Discussion Series - Open Forum, July 9
  3. MFDF webinar - Mid-Year Tax Update for Registered Investment Companies, July 10
  4. MFDF Director Discussion Series - Open Forum (Philadelphia), July 15
  5. 2025 MMI Women in Advisory Solutions Forum, Jul 15-16
  6. Nicsa webinar - How Trusted GenAI is Transforming Data Access in Asset Management, July 16
  7. MFDF webinar - M&A and Consolidation in Asset Management, July 16
  8. MFDF webinar - ETF Conversions, July 17
  9. MFDF Director Discussion Series - Open Forum (New York), July 22
  10. MFDF Ask Anything webinar - AI Edition, July 24
  11. MFDF webinar - Use of Derivatives by RICs, July 29
  12. MFDF Director Discussion Series - Open Forum (Columbus, Ohio), August 20
  13. Samfund Soiree Boston 2025, August 21
  14. MFDF webinar - The Audit Committee Chair's Guide to Balancing Duties and Emerging Issues, September 3
  15. ICI ETF Conference, Sep 8-10
  16. Nicsa webinar - Reimagining Reconciliation: AI, Regulation, and Capital Markets Transformation, September 10
  17. MFDF webinar - Series Trust Funds - Compliance and Board Reporting, September 10
  18. MFDF In Focus - Board Oversight of DEI in Current Landscape, September 11
  19. MFDF webinar - MFDF 15(c) White Paper Webinar Series: Part 4 – Enforcement Action Takeaways, September 16
  20. MFDF webinar - Latest in Closed-End Funds Litigations, September 23
  21. MFDF webinar - Fixed Income Insights: Navigating Market Trends & Opportunities, September 24
  22. MFDF webinar - Risk Management Essentials for RICs and Boards, September 29
  23. MFDF webinar - Diligent - Tools for Fund Board Book, October 1
  24. 10th annual Fuse Forum, October 8
  25. MFDF webinar - Essential Strategies in Board Oversight of Operational Risk Management, October 14
  26. 2025 MMI Annual Conference, Oct 15-17




©All rights reserved to InvestmentWires, Inc. 1997-2025
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use