Schroder Plots Singapore UCITS III Funds
Schroder Investment Management (Singapore) is seeking regulatory approval to launch three new multi-asset UCITS III sub-funds in Singapore. The funds would be sub-funds of the Luxembourg-domiciled Schroder International Selection Fund, SICAV, which falls under the UCITS III regime. UCITS III funds typically use derivatives as short positions can only be taken through equity swaps. Officials at Schroder in Singapore did not respond requests for comments.
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