GROW with Singlife, an funding platform beneath the homegrown monetary companies firm Singlife, has shaped a strategic partnership with asset supervisor Allianz World Buyers Singapore Restricted (AllianzGI).
This alliance goals to offer buyers and advisors with sturdy wealth administration options. The inaugural product of this collaboration is the Allianz World Revenue fund, obtainable completely by way of GROW’s community. This Singapore greenback (SGD) primarily based fund will present month-to-month dividends to buyers.
The Allianz World Revenue fund has belongings beneath administration totaling US$ 161.7 million, as of 31 December 2023. It utilises a multi-asset funding method, allocating capital throughout worldwide equities and bonds for long-term revenue and progress, whereas managing draw back danger.
The fund goals for constant month-to-month dividends with an annualised distribution yield of seven.85%. It seeks to reinforce diversification by investing in international equities, bonds, and convertible securities. Moreover, the fund’s strategic asset allocation goals to scale back general portfolio volatility.
The Allianz World Revenue fund’s preliminary public providing started on 15 March 2024, and is accessible to GROW’s advisors and purchasers by way of its platform.
Akhil Doegar
Akhil Doegar, Chief Govt Officer, GROW with Singlife mentioned,
“In right this moment’s dynamic international market, native investments are inadequate to realize diversification. The Allianz World Revenue fund, with its rigorous funding course of and confirmed observe report, aligns completely with our imaginative and prescient.
The portfolio is well-diversified throughout 4 foremost asset courses – international equities, international convertible securities, international investment-grade company bonds, and international high-yield bonds – which goals to offer buyers with steady revenue and capital appreciation.”
Kelvin Lam
Kelvin Lam, Head of Retail Distribution SEA, AllianzGI mentioned,
“We’re thrilled to associate with GROW, a well-established platform with over twenty years of expertise serving advisers in Singapore.
By this collaboration, we’re happy to offer retail buyers entry to our fund that invests throughout a worldwide panorama of best-in-class firms in international equities and bond markets.”
