Investment management firm Wellington Management has forayed into the Singaporean retail sector with the launch of four funds.
They span across both equities and bonds and are the first funds to be made available to retail investors by the company.
“We are pleased to expand our offering in Singapore, which will allow us to better serve the evolving needs of our clients in the private banking and wealth management channels,” said Scott Geary, partner and head of client group for Asia Pacific at Wellington.
“The design of these new funds, which focus on capital growth and income distribution, meets the unprecedented challenges faced by investors today.”
The four funds are the Credit Income Fund, Global Property Income Fund, Next Generation Global Equity Fund, and US Quality Growth Fund. All of them have received approval from the Monetary Authority of Singapore (MAS).
Specifics
The Credit Income Fund primarily invests in higher yielding fixed-income credit sectors with an investment-grade rating at portfolio level. It is managed by Campe Goodman who has 23 years of experience in the industry.
The Global Property Income Fund invests mainly in listed global property equities, which the mangers believe provide predictable cash flows, earnings growth, and attractive dividend yields. The fund managers are real estate specialists Bradford Stoesser and Xiaobo Ma.
The Next Generation Global Equity Fund focuses on companies which are positioned to benefit from sustainable development themes, such as social evolution, economic progress and sustainability, with active ESG analysis and company engagement. It is managed by Daire Dunne and Simon Henry.
The US Quality Growth Fund is actively managed against the S&P 500 Index. It invests in US equities across industries and aims to generate alpha. The fund is managed by John Boselli.
With over $1trn (£726bn, €860bn) in assets under management, Wellington Management first opened its Singapore office in 1996.
The company said it plans to build a comprehensive Ucits range across equities, fixed income and multi-asset, and will also look to add strategies from its flagship sector, research and thematic offerings.
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