Standard Chartered attracts over USD1 billion in funds linked to house views

New York 6 May 2024:

Standard Chartered Bank has raised more than USD1 billion under its suite of Signature CIO Funds.

The Signature CIO Funds are a range of multi-asset solutions providing clients with an easy and efficient way to gain exposure to the Bank’s Chief Investment Office (CIO) house views.

Launched in late 2022, the four Funds (Conservative, Income, Balanced, and Growth) vary their asset allocation to suit differing client risk and income profiles. Standard Chartered acts as the Investment Advisor on the portfolios, advising on asset allocation and the underlying securities to invest in. Amundi Asset Management, a global top 10 asset manager, acts as the Investment Manager.

Available to retail clients in 12 markets1 globally, Signature CIO Funds democratises an investment product that was traditionally only available to private banking clients. The four Funds have been popular with clients looking for multi-asset solutions to help them grow their wealth. They have all performed well, with the Signature CIO Growth Fund returning more than 28% since launch.

Samir Subberwal, Global Head, Wealth Solutions, Deposits and Mortgages, and Chief Client Officer, said: “As part of our advisory framework, we advocate our clients take a structured approach to constructing portfolios to achieve their life goals. Our Signature CIO Funds provide an easy way to build a Foundation portfolio and are proactively rebalanced to navigate changing market conditions. We are encouraged by the strong response from our clients and look forward to building on these solutions across more markets.”

12 markets include Singapore, Hong Kong, Malaysia, UAE, Taiwan, Mainland China, Korea, Jersey, Bahrain, Kenya, Nigeria, Brunei.