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施罗德基金的转移凸显了外国基金经理对中国市场的长期押注 - 2026年05月21日
Schroders' Fund transfer highlights foreign managers' long China bet
Schroder Fund Management (China) has applied to transfer management of three public funds to Neuberger Berman Fund Management (China), a move that comes as Schroders carries out a global transformation plan but also underscores how foreign asset managers continue to position for China's long-term market.
The three products are Schroder Hengxiang Bond Fund, Schroder China Dynamic Equity Fund and Schroder Tianyuan Pure Bond Fund, according to company statements.
Neuberger Berman Fund Management said that, if the fund changes are registered and approved by fundholders, it will also take over some core investment personnel related to the products. Both companies said they would work to ensure a smooth transition and put fundholders' interests first.
The adjustment is part of Schroders' wider global restructuring. The group launched a three-year transformation plan in 2025 to keep its business focused and improve operational efficiency. Under the plan, it has been streamlining parts of its business and product offerings in selected markets across Asia, Europe and South America.
But Schroders said the change does not alter its overall China strategy. The group said China remains a market of significant opportunity and that it remains committed to long-term development in the country. It said it will continue to provide asset-management products in China, including public funds, private-market investment tools and bank wealth-management products.
The transfer also hands the products to another foreign manager that has been expanding its China platform. Neuberger Berman entered China in 2008 and has built public-fund, private-fund and QDLP businesses. Its wholly owned public fund unit had launched 19 public funds by the end of the first quarter, with assets under management of 14.47 billion yuan, according to Wind data cited by Cailian Press.
Neuberger Berman said the proposed takeover reflects its confidence in the long-term prospects of China's capital market and its commitment to deepening its China business. The firm said it will rely on a "local team plus global empowerment" strategy to support the transition and continue operating the funds in a compliant and stable way.
Schroders' own China public fund business remains relatively small. Wind data showed Schroder Fund Management (China) had four public funds at the end of the first quarter, with combined assets of 1.695 billion yuan. Apart from the three products planned for transfer, its remaining fund, Schroder Tianyi, had less than 100 million yuan in assets at the end of the quarter.
Foreign-owned public fund managers remain a small part of China's fund industry, but their presence has grown since China removed foreign ownership limits in the sector in 2020. At the end of the first quarter, China had nine wholly foreign-owned public fund managers, including six newly established after 2020 and three converted from joint ventures.
Those nine managers had combined public fund assets of 410.426 billion yuan, accounting for 1.09 percent of China's 37.53 trillion yuan public fund market, according to Cailian.
Some foreign managers have already begun to show scale. JPMorgan Asset Management's China fund unit was the largest among them, with 231.941 billion yuan in public fund assets at the end of the first quarter. Its non-money-market public fund assets had risen to 139.238 billion yuan, doubling from three years earlier.
Manulife Fund Management ranked second, with 114.398 billion yuan in public fund assets. Morgan Stanley Fund Management, known for its technology-sector products, has seen its public fund assets grow by more than 43 percent since becoming wholly foreign-owned.
Source: City News Service
