Standard Chartered Bank has raised US$1.8 billion under its suite of signature CIO funds since the offering was launched in October 2022, nearly doubling the assets under management from a year ago.

The discretionary portfolio management offering, typically only available to private banking clients, is now available for retail clients across 12 markets. The four funds (conservative, income, balanced, and growth) have been popular with clients looking for multi-asset solutions to help them allocate to a broad range of asset classes, with alignment to the views of the bank’s chief investment office. They have all performed well, with the signature CIO growth fund returning more than 38% since its launch.

“The strong demand we’ve seen for the funds across our markets, especially from Singapore, Hong Kong, Korea and Malaysia, is a vote of confidence from our clients,” comments Samir Subberwal, global head, wealth solutions, deposits and mortgages, and chief client officer. “Despite rate cuts by the US Federal Reserve, we continue to see the funds that offer attractive income distribution such as the income and conservative signature CIO funds garnering the most attention.”

The four funds vary their asset allocation to suit differing client risk and income profiles. Standard Chartered acts as the investment adviser on the portfolios, advising on asset allocation and the underlying securities to invest in. Amundi Asset Management acts as the investment manager.

The 12 markets include Singapore, Hong Kong, Malaysia, United Arab Emirates, Taiwan, mainland China, Korea, Jersey, Bahrain, Kenya, Nigeria, and Brunei.