The Schroder GAIA Sloane Robinson Emerging Markets fund has been liquidated following a long period of redemptions.
Its assets are now $85 million and Schroders has also received indications that more clients intend to redeem their holdings in the near future.
The fund was one of the largest on the Schroder GAIA platform and launched in 2010 – assets under management peaked at $390 million in May 2011.
The fund was down more than 20% in 2011 – with the largest drawdowns in August and September when the portfolio was down 10.5% and 7% respectively.
This year, to May 2012, the