Asset Management
Standard Chartered's New CIO Funds Draw In $1 Billion
The UK/Hong Kong-listed banking group said yesterday that its new suite of "CIO" funds has passed an important financial mark for assets.
Standard Chartered said yesterday that it has raised more than $1 billion under its suite of Signature CIO Funds.
The funds give clients access to the lender’s Chief Investment Office (CIO) house views.
Launched in late 2022, the four funds in the stable (Conservative, Income, Balanced, and Growth) vary their asset allocation to suit differing client risk and income profiles.
The bank is investment advisor on the portfolios, advising on asset allocation and the underlying securities to invest in. Amundi Asset Management, acts as the investment manager.
The funds are available to retail clients in 12 markets.
