Investment Office Monthly Fund Digest February 2025

This month, we are excited to introduce three new funds to our Fund Smart Platform, catering to diverse investment needs. 

The Azimut Global Sukuk Fund offers a diversified portfolio of Shariah-compliant debt securities, ideal for Muslim clients seeking fixed-income exposure and non-Muslim investors looking for an attractive diversifier in their portfolios.

We present the LGI SGD Liquidity Fund, a conservatively managed portfolio primarily consisting of MAS bills and SGS bonds; ideal for prudent investors looking at liquidity management.

For investors looking for euro money market funds, we introduce our first Euro money market fund for retail clients, the BNP EUR Money Market Fund. The Fund aims to provide prudent liquidity management while delivering competitive yields and total returns.

Explore the three new additions to diversify your portfolio and meet tailored investment goals.

Sukuk (Islamic fixed income)

Azimut Global Sukuk Fund

ISIN: LU1475577877 (SGD, Cash), LU1435409369/LU1435409286 (USD, Cash)

The Fund offers a diversified portfolio of Shariah-compliant debt securities (Sukuk), making it particularly suitable for Muslim clients seeking fixed-income exposure. It primarily targets sukuk issuers in the Middle East and Asia, focusing on investment-grade securities with a short-to-medium duration of 2-4 years and is hard currency-focused, primarily in US dollars.

Launched in October 2013, the Fund has grown to manage over US$1 billion in assets. The Fund’s portfolio managers Charles Feghali and Faisal Ali are based in Dubai and supported by a team of credit analysts and global research capabilities from Azimut Investment Management. 

The Fund has delivered steady, long-term compounded returns with controlled downside risk, demonstrating favourable risk-adjusted returns compared to peers. Its low correlation to broader fixed-income markets makes it an attractive diversifier even for non-Muslim investors.

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Money market

LionGlobal SGD Liquidity Fund

ISIN: SGXZ99674251 (SGD, Cash)

The Fund offers a conservatively managed portfolio of SGD-denominated cash deposits and sovereign-related instruments such as MAS Bills and SGS bonds. 

With a focus on capital preservation and liquidity, this Fund is the most conservative product within the LionGlobal liquidity management suite. Initially used as Lion Global’s internal cash management mandate, it is now available as a fund vehicle for external investors.

Managed by lead portfolio manager Chu Toh Chieh with 29 years of industry experience, and supported by alternate portfolio manager Jessica Soon, the Fund benefits from the expertise of LGI’s fixed income analysts. Although the Fund has a relatively short track record since its recent launch for external investors, its returns have been consistent with its conservative liquidity management objective.

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BNP Paribas Euro Money Market Fund

ISIN: LU0083138064 (EUR, Cash)

The Fund offers an attractive portfolio of EUR-denominated ultra short-duration securities globally. Launched in February 1991, it boasts a long-standing track record of stability across diverse market cycles. 

Managed by Olivier Heurtaut, who has more than 25 years of experience and has been at the helm since 2022, the Fund is supported by BNP's Liquidity Team, including 15 credit analysts, and leverages BNP's extensive resources in macro research, credit analysis, risk, dealing, and sustainability.

As the first EUR money market fund for retail clients on Endowus, it has consistently delivered competitive yields and total returns since its inception, closely tracking and often outperforming the 3-month benchmark. The Fund demonstrates strong drawdown management and downside protection, making it ideal for investors seeking short-term liquidity management for EUR cash with the potential to earn additional yield over benchmarks.

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Funds for accredited investors only

We have also added two new funds this month for accredited investors only. 

If you wish to invest in an accredited investor-only fund, please contact us at privatewealth@endowus.com. 

Customise your portfolio in minutes with Endowus Fund Smart

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

The Endowus Fund Smart platform comes with wide currency selection and dividend payout options. These give you more flexibility and information in selecting your own funds and building your own portfolios. 

You can transfer your funds from other banks or platforms into Endowus, potentially saving you up to 50% or more on your fees. Fee is more transparent, and in most cases much lower cost, to invest and grow your wealth with Endowus than it would be to replicate your portfolio and similar services at a private bank, online "low cost, no fee" platform, or retail bank.

Customise your ideal investment portfolio in minutes with Fund Smart. The Endowus Fee for Single Fund Goals is 0.3% p.a., reinforcing our commitment to reduce the cost of investing. 

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 February 2022 to January 2025 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.