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

Updated
10
May 2023
published
13
Mar 2023
Endowus Investment Office Monthly Fund Digest - Feb 2023 - new funds by Capital Group and T.Rowe Price

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)

T. Rowe Price Global Value Equity Fund - fund AUM SGD 771 million as of 7 Mar 2023, 3-year annualised return of 11.6%, and fund-level fees after Cashback on trailer fees are 0.89%

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)

Capital Group New Economy Fund - CPF investments - fund AUM of SGD 567 million as of 7 Mar 2023, 3-year annualised return of 2.43%, fund-level fees after Cashback on trailer fees are 0.90%

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)

Capital Group New Perspective Fund - CPF investments - fund AUM of SGD 18.8 billion as of 7 Mar 2023, 3-year annualised return of 7.42%, fund-level fees after Cashback on trailer fees are 0.84%

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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Investment involves risk. Past performance is not necessarily a guide to future performance or returns. The value of investments and the income from them can go down as well as up, and you may not get the full amount you invested. Rates of exchange may cause the value of investments to go up or down. Individual stock performance does not represent the return of a fund.

Any forward-looking statements, prediction, projection or forecast on the economy, stock market, bond market or economic trends of the markets contained in this material are subject to market influences and contingent upon matters outside the control of Endowus Singapore Pte. Ltd. (“Endowus”) and therefore may not be realised in the future. Further, any opinion or estimate is made on a general basis and subject to change without notice. In presenting the information above, none of Endowus, its affiliates, directors, employees, representatives or agents have given any consideration to, nor have made any investigation of the objective, financial situation or particular need of any user, reader, any specific person or group of persons. Therefore, no representation is made as to the completeness and adequacy of the information to make an informed decision. You should carefully consider (i) whether any investment views and products/ services are appropriate in view of your investment experience, objectives, financial resources and relevant circumstances. You may also wish to seek financial advice through a financial advisor or the Endowus platform and independent legal, accounting, regulatory or tax advice, as appropriate.

Investment into collective investment schemes: Please refer to respective funds’ prospectuses for details of the funds, their related fees, charges and risk factors. The listing of units of the fund on a stock exchange does not guarantee a liquid market for the units. Before making an investment decision, you are reminded to refer to the relevant prospectus for specific risk considerations.

For Cash Smart Secure, Cash Smart Enhanced, Cash Smart Ultra: It is not a bank deposit and not capital guaranteed, and is subject to investment risks, including the possible loss of the principal amount invested. Investment products are not insured products under the provisions of the Deposit Insurance and Policy Owners Protection Schemes Act 2011 of Singapore and are not eligible for deposit insurance coverage under the Deposit Insurance Scheme. Interest rates are indicative and subject to change at any time.

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Endowus Investment Office Monthly Fund Digest - Feb 2023 - new funds by Capital Group and T.Rowe Price

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