Singlife, Fullerton launch SGD share class of China Equities fund
The fund seeks long-term capital appreciation by investing mainly in China A-shares.
GROW with Singlife, in partnership with Fullerton Fund Management, has launched the Fullerton Lux Funds – China Equities (Class A) SGD, marking the first Singapore dollar share class of the fund and the third collaboration between the two firms.
The fund seeks long-term capital appreciation by investing mainly in China A-shares listed on mainland exchanges and Hong Kong-listed stocks, using a high-conviction, lower-volatility strategy that focuses on company fundamentals rather than market trends. Target sectors include consumer goods, manufacturing and communication services.
Da Cheng International Asset Management, a specialist in China investments and the fund’s sub-adviser, will provide market expertise.
The initial public offering runs from Aug. 12 to Aug. 22 at $10.00 per unit, with a minimum investment of $200. Investors can fund their purchases with cash or through the Supplementary Retirement Scheme. Trading at the prevailing net asset value begins Aug. 25, and the share class is available exclusively to GROW customers.