Maybank SG, Fidelity International launch multi-asset fund

The fund is offered in three asset classes and will be made available in Q3 2024.

Maybank Singapore and Fidelity International have jointly launched ‘FAST - Maybank Alpha Capital & Income Opportunities Fund’, a multi-asset fund that offers three share classes– accumulation, income, and decumulation– to meet different investment goals.

Investors who choose the Accumulation (Grow) asset class will are promised long-term capital growth by reinvesting dividends to leverage the power of compounding.

Meanwhile, the Income (Sustain) asset class seeks to offer a regular monthly dividend stream; whilst the Decumulation (Stretch) asset class will look into maximising the income payout to fund investor’s retirement needs with a regular monthly dividend stream.

The fund is exclusively distributed by Maybank Singapore and will be available in Malaysia via Maybank Asset Management in Q3 2024.

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In a statement announcing the fund, Maybank Singapore country CEO Alvin Lee expressed his and the bank’s delight to work with Fidelity.

“[This] partnership is a strategic extension of our combined investment and in-depth research capabilities to deliver a compelling multi-asset investment solution,” Lee said.

“This differentiated solution enables clients to meet their wealth and income goals across different life stages amidst increasing market uncertainty,” he added.

Sabrina Gan, Fidelity International’s head of Southeast Asia and country head of Singapore said that the collaboration combines Fidelity’s decades of global heritage in active investment management experience with Maybank’s extensive network and deep local insight in Southeast Asia.

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“We are excited to partner with Maybank to provide investors in Singapore and the wider region with a truly innovative product that will build resilience into their portfolios and so strengthen their financial futures…and we look forward to delivering an enhanced range of services and solutions to Maybank’s clients,” Gan said.

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