Investment Office Monthly Fund Digest (December 2023)
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Investment Office Monthly Fund Digest (December 2023)

Updated
13
Dec 2023
published
12
Dec 2023
fund-digest-december-2023

In the current climate of global uncertainty, diversification into the Asian region has drawn investors who are looking to balance their portfolios outside of more mature economies. 

Our new fund representing Asia Equities employs a dividend-focused strategy investing with a priority in quality businesses, while the Asia Fixed Income counterpart focuses on investment-grade bonds that avoid high-risk countries with a macro and industry-focused top down approach.

Read more below.

Asia Equities

Fidelity Asia Pacific Dividend Fund

ISIN: LU2578576113 (SGD, Cash/SRS), LU0877626530 (USD, Cash)

Equity
asset class
Asia Pacific
geography
Dividend
type
Cash, SRS (SGD)
available funding source
0.30%
3-year annualised return*
SGD 501m
fund AUM as of 8 Dec 2023
RETAIL 100% REBATE
Total fund-level fees 1.93%
Cashback (0.75%)
Fund-level fees after Cashback on trailer fees 1.18%

The Fund offers investors access to dividend-paying companies in the Asia Pacific region, which are backed by robust balance sheets and have a track record of substantial dividend growth. Emphasising a “pure dividend mindset”, the fund automatically filters stocks with less than a 2% dividend yield and prioritises valuation and quality. This strategic approach, coupled with robust risk management, has led the fund to outperform versus peers during periods of market turbulence.

This fund boasts a strong track record, consistently ranking top tier in performance and risk metrics among Asian income funds peers. With a focus on quality businesses, it has historically maintained a dividend yield surpassing benchmarks and delivers a running yield greater than its distribution yield.

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Asia Fixed Income

PineBridge Asia Pacific Investment Grade Bond Fund

ISIN: IE000ZCXK4K5 (SGD, Cash/SRS, Acc), IE000HYTY7C1 (SGD, Cash/SRS, Dist), IE000XHWWA49 (USD, Cash, Acc), IE000SCMGGK4 (USD, Cash, Dist)

Fixed Income
asset class
Asia Pacific
geography
Investment Grade
type
Cash, SRS (SGD)
available funding source
-2.39%
annualised return since March 2022
SGD 473m
fund AUM as of 30 Nov 2023
RETAIL 100% REBATE
Total fund-level fees 1.07%
Cashback (0.54%)
Fund-level fees after Cashback on trailer fees 0.53%

The Fund invests in USD-denominated bonds in Asia Pacific Fund, focusing solely on investment-grade bonds and avoiding high-yield allocations common in the Asian credit space. Led by the Co-Head of Pinebridge Asia ex Japan Fixed Income Team and supported by experienced backup portfolio managers and a dedicated team of analysts, this fund combines bottom-up security analysis with a macro and industry-focused top-down approach.

Despite a cautious stance that has led to underweighting or exclusion of high-risk countries, the fund has matched the benchmark's performance since inception. Notably, it exhibits strong risk and duration management compared to peers,and performance has been largely driven by superior credit selection.

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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 our Fund Smart platform? Refer to our investment funds list here for a quick overview in a single glance. 

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. What’s more, you can transfer your funds from other banks or platforms into Endowus, saving you up to 50% or more on your fees.

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 December 2020 to November 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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