Schroders Retreats From China Retail Fund Business Amid Fierce Competition
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Schroders is pulling back from China’s mutual-fund market. Photo: VCG
British asset manager Schroders is dismantling its wholly-owned mutual fund business in China, transferring its portfolios to Neuberger Berman and seeking a buyer for its regulatory license after three years of unprofitable operations.
Schroder Fund Management (China) Co. Ltd. has applied to China’s securities regulator to hand over three mutual funds and core investment staff to Neuberger Berman Fund Management (China) Co. Ltd. A fourth, smaller bond fund will be liquidated.
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What Happened When
- January 2023：
- Schroders' wholly foreign-owned enterprise (Schroder Fund Management (China) Co. Ltd.) was approved.
- By end of March 2026：
- Schroders managed about 1.7 billion yuan in mutual fund assets.
- April 2026：
- Shareholders approved Schroders' pending $12.6 billion acquisition by Nuveen.
- As of 2026：
- Schroder Fund Management (China) Co. Ltd. applied to hand over three mutual funds and core investment staff to Neuberger Berman.
- As of 2026：
- A fourth, smaller bond fund will be liquidated.
- As of 2026：
- Schroders' registered base reached 503 million yuan ($74 million).
- As of 2026：
- Neuberger Berman surpassed $1.5 billion in assets as one of the few foreign mutual fund platforms in China.
- As of 2026：
- Schroders is looking to sell the emptied corporate shell; Mirae Asset Financial Group emerged as a potential buyer.
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