GROW with Singlife, an funding platform below the homegrown monetary providers firm Singlife, has shaped a strategic partnership with asset supervisor Allianz World Traders Singapore Restricted (AllianzGI).

This alliance goals to supply traders and advisors with sturdy wealth administration options. The inaugural product of this collaboration is the Allianz World Earnings fund, out there completely by way of GROW’s community. This Singapore greenback (SGD) based mostly fund will present month-to-month dividends to traders.

The Allianz World Earnings fund has belongings below 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 earnings and development, 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 boost diversification by investing in international equities, bonds, and convertible securities. Moreover, the fund’s strategic asset allocation goals to cut back general portfolio volatility.

The Allianz World Earnings 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 Government Officer, GROW with Singlife stated,

“In immediately’s dynamic international market, native investments are inadequate to realize diversification. The Allianz World Earnings fund, with its rigorous funding course of and confirmed observe document, aligns completely with our imaginative and prescient.

 

The portfolio is well-diversified throughout 4 major asset courses – international equities, international convertible securities, international investment-grade company bonds, and international high-yield bonds – which goals to supply traders with secure earnings and capital appreciation.”

Kelvin Lam

Kelvin Lam, Head of Retail Distribution SEA, AllianzGI stated,

“We’re thrilled to companion with GROW, a well-established platform with over twenty years of expertise serving advisers in Singapore.

 

By way of this collaboration, we’re happy to supply retail traders entry to our fund that invests throughout a worldwide panorama of best-in-class firms in international equities and bond markets.”