GROW with Singlife and AllianzGI Launch SGD-Fund Offering Monthly Dividends

GROW with Singlife, an funding platform below the homegrown monetary companies firm Singlife, has fashioned 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 Revenue fund, accessible 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 Revenue fund has belongings below administration totaling US$ 161.7 million, as of 31 December 2023. It utilises a multi-asset funding strategy, allocating capital throughout worldwide equities and bonds for long-term revenue and development, whereas managing draw back threat.

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 total 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 Government Officer, GROW with Singlife stated,

“In right now’s dynamic international market, native investments are inadequate to realize diversification. The Allianz World Revenue fund, with its rigorous funding course of and confirmed monitor file, aligns completely with our imaginative and prescient.

 

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

Kelvin Lam

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

“We’re thrilled to accomplice with GROW, a well-established platform with over 20 years of expertise serving advisers in Singapore.

 

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