Future Vision Kristal
Overview: The Future Vision Equity pooled strategy invests in single name equities that are aligned with themes in disruptive industries which will play a more important role in the next decades ahead. The core themes that have been identified are: Biotechnology and Genome research: Medical advances with the help of AI and reduced cost for genetic editing have the potential to disrupt the healthcare industry in years to come. We are looking specifically for companies in the sector of life sciences, genetic solutions for cancer treatment, Human-Machine-Interface technologies, etc. Water & Food: We may run out of clean water, and while we might not run out of food in the foreseeable future, there is certainly, a need to become more efficient and sustainable in the way how we feed a growing world population. The investments will be predominantly in companies in the Agricultural/Food Tech space, Water companies (Technology or utility) or environmental management companies. Cybersecurity: The cost of cybersecurity at an average level has increased by over 72% in the past 5 years, and 13% alone from 2017 to 2018. An Accenture Study about the cost of cybercrime states that the Value at Risk from Cybercrime in the global economy is rising, and so is the cost of prevention. Renewable Energy/Electrification: We do not think that global warming is a hoax, therefore investment in the renewable energy space will continue to grow and transform the way how we produce and consume energy in decades to come. Investments can for example take place in companies which are either Renewable Energy generators or provide technology that reduces carbon emissions, but also companies at the heart of the trend towards further electrification, specifically energy transmission and battery technology. Selection of Companies: Through thorough fundamental research of the companies from an initial shortlist, we identify the ones with a technological and commercial advantage over others
AB US High Yield Portfolio - A2(USD) ACC
US High Yield fund invests primarily in US corporate and government bonds, intending to gain high risk-adjusted returns. The fund invests at least 2/3 of total assets in US corporate issuers and at least two-thirds of investments in high yield debt and related derivatives. The fund has limited exposure to non-USD denomination and uses advanced quantitative techniques to achieve high returns in the bullish market and protect value in the bearish market.
PIMCO Capital Securities E (USD) ACC
The PIMCO GIS Capital Securities Fund provide diversified exposure to high yield capital securities issued by banks, insurance companies and other financial companies. The fund is an actively managed portfolio that invests primarily in Tier 1, Tier 2 and other “CoCo” bonds. It incorporates fundamental approach along with macroeconomics and bottom-up selection process. The fund is diversified broadly across industries, issuers, and regions.
UBAM Hybrid Bond A (USD) ACC A
UBAM Hybrid Bond is an actively managed portfolio investing in subordinated debt issued by financial and non-financial issuers. The key focus is on additional Tier 1 debt (AT1 – “CoCo” bonds) issued by systemic European banks with a Minimum rating of B-. The fund may be 100% allocated to AT1, though current allocation is below 85%. The depth of the investment universe allows for active management of the allocation across regions, sectors, issuers and tranches of the capital structure. The portfolio is well diversified across 118 holdings with an average rating of BB+. The modified duration of the overall portfolio is 2 years and is actively hedged month-on-month, based on the global interest rate outlook. The non-USD currency exposure is fully hedged. The weighted credit spread duration is around 4.3 years and yield to call is 3%. Given the complex nature of hybrid instruments such as AT1/ CoCo instruments the fund is for moderate risk appetite investors with a medium term horizon.
SG REITs Kristal
SG REITs Kristal is an open-ended pooled account strategy ideal for investors looking for high liquidity and diversification to their overall portfolio by investing in REITs that provide stable returns in the form of high dividend income and long term capital appreciation
Pimco Global High Yield Bond E ACC Fund
The Global High Yield Bond Fund is an actively managed portfolio that invests primarily in developed markets upper tier high yield corporate bonds, with a maximum of 20% of its assets in securities rated lower than B. The fund is diversified broadly across industries, issuers, and regions based on PIMCO’s top-down and bottom-up processes. This fund offers compelling diversification benefits and the opportunity to gain exposure to different sectors of the economy.
Pimco Income Class E (USD)
The primary investment objective of the Fund is to seek high current income, consistent with prudent investment management. Long-term capital appreciation is a secondary objective. This fund is designed for investors who seek steady income: it takes a broad-based approach to investing in income-generating bonds. The fund taps into multiple areas of the global bond market, and employs PIMCO’s vast analytical capabilities and sector expertise to help temper the risks of high income investing. This approach seeks to provide consistent income over the long term.
AB Emerging Market Debt Portfolio - A2 ACC
Emerging Markets Debt portfolio invests in fixed income securities from issuers in emerging and developing countries. While two-thirds of assets are invested in quasi-sovereign and sovereign debt, a significant portion of these may be below investment grade and in non-USD currencies. The fund has a low correlation with other asset classes and may experience high risk & volatility due to currency fluctuation, political and economic instability.
Pimco Emerging Markets Bond E ACC Fund
The Emerging Markets Bond Fund is an actively managed portfolio consisting primarily of fixed income securities from issuers in, or economically tied to, emerging, or developing countries. The fund may make tactical investments in non-benchmark local currencies and instruments besides US Dollars. It offers efficient exposure to emerging markets, potential for attractive risk-adjusted returns and low correlations to other asset classes. And at the same time, has higher risks & volatility including currency fluctuations and political or economic developments than higher rated securities from developed markets.
LionGlobal Short Duration Bond
The Short Duration fund is a low-cost SGD bond fund with a defensive (low duration) positioning of between 1-3 years. It is benchmarked to the 12mth SGD Interbank Offer Rate (SIBOR) – 0.25% and is suitable for investors looking for a Fixed Deposit equivalent. It is managed from a SGD perspective with majority of securities being SGD denominated or SGD Hedged. There is no target industry or sector and while they may invest in sub-investment grade securities, the portfolio credit rating is maintained at BBB or better. Given liquidity preference, most of the bonds tend to be in the Financial or Real Estate sectors. Why this Fund ?
- 1. Suitable for investors looking for Fixed Deposit equivalent with a horizon > 1 year
- 2. Low-cost SGD Bond Fund, investing across Singapore and international bonds predominantly in high quality instruments
- 3. High sharpe ratio (1.45) with defensive/low duration positioning (2.18 years)
Pimco Diversified Income E ACC Fund
The Diversified Income Fund provides efficient access to broad global credit market exposure by investing primarily in a diversified pool of corporate and emerging market fixed income securities of varying maturities. The fund benefits from a diversified approach to macroeconomic views on credit trends, interest rates, duration, currencies, and curve positioning. It offers a potentially higher yielding alternative to core fixed income portfolios and low correlation to US, Japanese and German government interest rates.
AB American Income Portfolio
American Income fund is an actively managed highly diverse (1,200+ holdings) portfolio of USD fixed income securities with a 20+yr track record. The fund dynamically balances exposure between high-yield emerging markets for better returns and high-quality government bonds for more stability. However, 50% of the portfolio will be Investment Grade or better and most of the investments US centric (at least 65%). The fund may also use derivatives up to 50% of portfolio value for risk management.
LionGlobal SGD Enhanced Liquidity
The SGD Enhanced Liquidity fund is a low-cost low risk fund designed for investors seeking to preserve capital, enhance income, and maintain a high level of liquidity. The fund contains a diverse portfolio of short-term & high-quality fixed income securities primarily from Singapore & China. It maintains a weighted average portfolio credit rating of A- and a weighted average duration of around 12 months. Why this Fund ?
- 1. Low cost (25bps) highly liquid/ low risk SGD money market fund
- 2. Its size (SGD 500m) makes it efficient in execution & a good alternative to cash deposits
- 3. Low volatility with weighted average portfolio credit rating of A- and duration of 12 months
UOB United SGD Fund
The United SGD Fund is a low-cost SGD bond fund with a defensive (low duration) positioning of between 1-2 years. It is benchmarked to the 6mth SGD Interbank Bid Rate (SIBID) and is suitable for investors looking for a Fixed Deposit equivalent. It seeks to provide higher yields than fixed deposits or money markets funds. It is managed from a SGD perspective with majority of securities being SGD denominated or SGD Hedged. The bonds in the portfolio are SG, China or HK issued and diversified across sectors. Why this Fund ?
- 1.One of Singapore largest SGD fixed income funds with AUM in excess of USD 1b
- 2. Has won multiple awards since its inception in 1998
- 3. Relatively low-cost fund providing stable returns over the medium term
LionGlobal SGD Money Market Fund
The SGD Money Market fund invests only in Investment Grade short-term money market instruments and debt securities. It manages liquidity and risk while looking to provide a return comparable to that of SGD short-term deposits. It invests across the region but would hedge non-SGD instruments to protect the fund from currency exposure risk. Its top sector exposure includes financial, real estate, sovereign and Industrial.