UK asset manager Schroders launches Islamic Global Equity Fund
LONDON - Schroders, a UK-headquartered asset manager with £563.3 billion in assets under management, has launched a new Global Islamic Equity Fund.
The fund will give investors a diversified portfolio, its Lead Manager, Ashley Lester, told Salaam Gateway.
The fund’s inception is part of Schroders' broader presence in Islamic markets, said Lester, who is Head of Schroders’ Systematic Investments. “For example, Schroders is active in Indonesia where we have a local equity fund,” he said.
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