Standard Chartered’s Signature CIO funds hit $3bn AUM, to launch Shariah-compliant version

Standard Chartered said on Monday that assets under management (AUM) in its Signature CIO Funds have reached $3 billion just three years after launch, as the bank prepares to introduce a Shariah-compliant version to meet rising demand from Muslim investors.

The multi-asset funds, launched in 2022 and managed by Amundi Asset Management, provide retail and wealth clients with access to the bank’s Chief Investment Office strategies, including exposure to global equities, fixed income, commodities, and alternative assets.

“We continue to innovate and build on our suite of comprehensive products for our clients,” said Samir Subberwal, Standard Chartered’s global head of wealth solutions, deposits and mortgages, and chief client officer.

The funds, now available in 12 markets, have delivered compound annual growth rates ranging from 5.6% to 15.7% since inception, according to the bank.

Standard Chartered said it will soon roll out the Signature CIO Islamic Funds in the United Arab Emirates and Nigeria, offering portfolios managed by Aditum Investment Management. The launch marks a key step in expanding the bank’s wealth management offerings for clients seeking Shariah-compliant investment solutions across emerging markets.