Investment Office Monthly Fund Digest (February 2024)
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Investment Office Monthly Fund Digest (February 2024)

Updated
7
Mar 2024
published
20
Feb 2024
Fund Digest February 2024

This month, we are adding two new funds to our Fund Smart Platform, including an India-focused fund.

Equity dividend funds appeal to many investors for their focus on generating a stream of income while capturing the long-term growth potential of a diverse group of businesses. We introduce the Allspring Global Equity Enhanced Income Fund as our latest addition within this space. Backed by two sources of income, the portfolio has a dividend payout target of 6%.

We also have an Indian-equity focus fund that may help you express your views in the Indian market, that has, in the past few years, emerged as one of the most popular investor hotspots, as its vast population, accelerating urbanisation process, and more developments give rise to investment opportunities. To be rightly positioned for multi-year opportunities, the Goldman Sachs India Equity Portfolio favours sustainable businesses and is conscious of company valuations.

Equity Income

Allspring Global Equity Enhanced Income Fund

ISIN: LU2360032135 (SGD, Cash/SRS), LU2125154935 (USD, Cash)

Equity
asset class
Global
geography
Dividend
type
Cash, SRS (SGD)
available funding source
4.82%
3-year annualised return*
SGD 48.8m
fund AUM as of 6 Feb 2024
RETAIL 100% REBATE
Total fund-level fees 1.4%
Cashback (0.6%)
Fund-level fees after Cashback on trailer fees 0.8%

The fund offers a unique proposition with a target payout of 6%, derived from a high-yielding equity component (4%) and an options overlay strategy (2%) managed dynamically to safeguard equity upside. Led by a team of seven experienced portfolio managers, including two lead managers, the fund has outperformed its high dividend benchmark and peers since its inception in 2020.

The dynamic management of the two income sources ensures target payout fulfilment. Weekly adjustments in the options component, focusing on broad indices, preserve alpha derived from research. The high-yielding equity component combines quantitative tools and fundamental analysis, resulting in a high-conviction balanced portfolio of 60 to 80 holdings without overarching style bias. While the fund offers a consistent dividend income stream and broad equity exposure, investors should be prepared for periods of heightened volatility and drawdowns, particularly during strong bull markets.

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India Equities

Goldman Sachs India Equity Portfolio

ISIN: LU2032729951 (SGD, Cash), LU0333810181 (USD, Cash)

Equity
asset class
India
geography
Growth
type
Cash
available funding source
14.04%
3-year annualised return*
SGD 4.50bn
fund AUM as of 6 Feb 2024
RETAIL 100% REBATE
Total fund-level fees 2.00%
Cashback (0.875%)
Fund-level fees after Cashback on trailer fees 1.125%

The fund presents a diversified portfolio spanning 70-100 names, offering comprehensive exposure to India Equities across sectors and market capitalizations, with a tilt towards small and medium-sized companies. Led by Hiren Dasani, the India Equity research team drives strong and consistent performance through meticulous stock selection, consistently outperforming its reference index over various periods.

Grounded in a philosophy emphasising business and valuation, the fund's robust investment process combines bottom-up fundamental research with cash flow-based analysis to identify companies with sustainable high returns on capital investment.

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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 February 2021 to January 2024 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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Fund Digest February 2024

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