Schroders enters Macau market

Banco Weng Hang to distribute Schroders funds.

Many Hong Kong residents may be surprised to learn there is more to Macau than sangria and dinner at Fernandos. Sometimes there is business.

Schroder Investment Management and Hong Kongs Wing Hang Bank have partnered for their first foray into the former Portuguese territorys mutual fund industry. Wing Hangs Macanese affiliate, Banco Weng Hang, will begin distributing Schroder funds, says James Campion, director and regional head of mutual funds at Schroders in Hong Kong.

Macau is a market that has not been the focus of attention for most retail mutual fund companies, he says. But it does represent an opportunity, if not a dramatic one. It's close and many of...

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