SINGAPORE, 9 September 2024 – GROW with Singlife (“GROW”), the integrated investment platform under leading homegrown financial services company Singlife, today announces the addition of the Fullerton Lux Funds – Global Absolute Alpha A (SGD) Dist (the “Fund”) to its exclusive suite of product offerings. Managed by Fullerton Fund Management (“Fullerton”), the Fund seeks to generate long term positive return, which includes both capital appreciation and income, by providing investors exposure to top growth opportunities across diverse global markets.
The Fund’s strategy consists of a carefully selected portfolio of approximately 40 global stocks[1], selected by Fullerton’s experienced fund managers based on rigorous research and analysis. It seeks to invest in the best available growth opportunities worldwide, free from the constraints of pre-determined sectors or regions.
To manage downside risk, the Fund employs a “dynamic beta” strategy using a mix of cash holdings and derivative instruments to help reduce volatility and protect investor capital. On top of that, the Fund employs a quality-centric approach, identifying companies with strong financial health, solid management, and competitive advantages. By reassessing the portfolio and adjusting holdings as needed, this proactive approach enables the fund to adapt to changing market conditions as well as potentially optimise returns while mitigating risk.
Since its inception five years ago, the strategy has consistently performed in the top 10% of its peers, demonstrating a strong track record of delivering returns in the long term[2].
Investors will now have access to an exclusive share class of the Fund on GROW’s platform, featuring semi-annual dividend payments, as well as potential additional bonus distributions in strong-performing years[3]. The first dividend is expected to be declared in March 2025 and paid out in April 2025.
Farooq Lone, CEO at GROW with Singlife, said: “We are excited to collaborate with Fullerton Fund Management to offer this compelling solution to our clients. The Global Absolute Alpha Fund validates our commitment to providing our clients with access to high-quality investment opportunities. I believe the Fund’s dual focus on global growth opportunities on one hand, and downside protection on the other, makes it a compelling addition to our product shelf.”
Mark Yuen, Chief Business Development Officer at Fullerton Fund Management, said: “With interest rates expected to trend lower, the environment is becoming more supportive for risk assets, and it’s important for investors to seek out opportunities for growth. We’re excited to join hands with GROW to offer a timely investment solution that can help our investors navigate the current market landscape. Our previous joint efforts demonstrated the power of our combined expertise, and we believe this latest collaboration will yield even greater value.”
The minimum investment amount for the Fund is set at S$200, making it accessible for a wide range of investors. Investors also have the option of using cash or Supplementary Retirement Scheme (SRS) funds.
The Initial public offering (IPO) of the Fullerton Lux Funds – Global Absolute Alpha A (SGD) Dist commences today, 9 September 2024, and will run until to 11 October 2024.
-END-
[1] May change without prior notice.
[2] Morningstar, Fullerton as of 30 June 2024, by comparing the strategy as part of the peer universe, calculated in USD term and dividends reinvested. Peer group refers to funds in the EAA Fund Global Large-Cap Growth Equity universe that are registered for sale in Singapore. Sharpe ratio of strategy is calculated using 3-month Libor as the risk-free rate. Strategy performance numbers are computed before deduction of all fees and deduction of these fees will lower results. This information is strictly for reference only. Past performance is not necessarily indicative of future performance. For illustrative purposes only. Strategy is incepted in June 2019.
[3] The Fund seeks to deliver semi-annual distributions to investors. In exceptional performance years, the Fund may potentially disburse bonus distributions.