New CPF investments and a value play (Fund Digest February 2023)

Keen on value stocks, growth plays, or long-term trends? This month, we’re excited to introduce three new funds on Fund Smart — one managed by T. Rowe Price and two by Capital Group.

The Global Value Equity Fund by T. Rowe Price invests in global equities across the value spectrum. In general, value stocks have been in favour of late, given the current market environment characterised by high inflation and elevated interest rates.

And if you’re looking to invest your Central Provident Fund (CPF) savings, consider the two Capital Group funds, which offer exposure to global equities. The New Economy Fund focuses on companies that are forward-thinking and fast-growing. The New Perspective Fund aims to capture opportunities generated by changes in international trade patterns as well as economic and political relationships.

Both Capital Group funds are now available for CPF Ordinary Account investments. This comes after we had introduced the cash and Supplementary Retirement Scheme (SRS) versions of the funds back in 2022.

Global equities — value

T. Rowe Price Funds SICAV - Global Value Equity Fund

ISIN: LU2357627491 (SGD), LU0859254822 (USD)

Invest in a high-conviction portfolio of global companies across the value spectrum — from deep value to more defensive companies with higher quality. Managed by Sebastien Mallet, an investment veteran with more than two decades of experience, the Global Value Equity Fund has achieved competitive risk-adjusted returns relative to its peers. 

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Global equities — growth

Capital Group New Economy Fund

ISIN: LU2050929780 (SGD)

The Capital Group New Economy Fund is now available for CPF investing. The fund invests in the “companies of tomorrow” — those that will define our lifestyles in the future through new technologies and innovation, across sectors such as technology and healthcare. 

If you’d like to invest in this fund using cash or SRS savings, instead of CPF, you may do so by selecting the cash/SRS version (ISIN: LU2050928626) of the fund that we had earlier brought on board the Fund Smart platform in 2022.

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Capital Group New Perspective Fund

ISIN: LU1295551490 (SGD)

The Capital Group New Perspective Fund is now available for CPF investing. The fund invests in companies that will benefit from the long-term evolution of the global economy. It uses a bottom-up approach to construct a diverse portfolio comprising almost 300 companies across all industries globally. 

If you’d like to invest in this fund using cash or SRS savings, instead of CPF, you may do so by selecting the cash/SRS version (ISIN: LU1295555137) of the fund that we had earlier brought on board the Fund Smart platform in 2022.

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Customise your portfolio in minutes with Fund Smart

Whether you’re looking to invest your cash, CPF, or SRS, there’s something for everyone at Endowus. Want to know more about the funds available on Endowus Fund Smart? Refer to our investment funds list here for a quick overview in a single glance. 

Check out the most popular funds on our platform last year. If you’re keen on China equity funds, we’ve highlighted a selection of China-focused funds that are worth a look.

We also recently gave the Fund Smart platform a massive upgrade — including wider currency options, new dividend payout options, and an improved experience for verified accredited investors. These give you more flexibility and information in selecting your own funds and building your own portfolios.

Customise your ideal investment portfolio in minutes with Fund Smart. The Endowus Fee for Single Fund Goals via Fund Smart (Cash, CPF, and SRS) is 0.3% p.a., reinforcing our commitment to reduce the cost of investing. This pricing means that more than 95% of the funds are now cheaper on Endowus than on any other fund platform, bank, private bank, financial advisor, or broker in Singapore. 

Not sure how to invest with Fund Smart? Find out everything you need to know in our FAQs.

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*Annualised returns are calculated based on the returns of the target share class, and the oldest share class of the fund where the target share class is younger than three years. Three-year returns are based on the period from March 2020 to February 2023 unless otherwise stated. Returns are translated into SGD (except for non-SGD funds) and are net of fund-level fees. 

**Where a fund or portfolio has both SGD and USD share classes, the fees of the SGD share class are shown. Total portfolio and fund-level fees include fund total fund-level fees.

***Endowus does not charge a preliminary sales charge or any other additional fees, other than the all-in Endowus Fee.

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