LionGlobal Singapore Physical Gold Fund(SGXZ85871689)

First retail gold fund backed by physical gold, fully insured and vaulted in Singapore made available to retail investors. Passively managed fund that provides direct exposure to gold in a cost-effective manner.

Physical gold held is segregated from the custodian's bank balance sheet; in the event of a default, the gold asset remains the property of the Fund. Gold holdings are also insured within the insurance policy of the custodian bank.

Founded in 1986, Lion Global Investors (LGI) is one of the leading asset managers in Singapore, overseeing more than SGD 70 billion in assets, with an average investment experience of over 25 years.

LGI has a diverse mix of strong local partners. It is jointly owned by OCBC Group, the second-largest financial services group in Southeast Asia by assets, and Great Eastern, the oldest life insurance group in Singapore and Malaysia. The Fund’s custodian is Standard Chartered. In addition, the Fund will be distributed through multiple platforms in partnership with local institutions such as Singlife and MariBank.

The Fund will be led by Desmond, CIO, who brings over 30 years of experience, alongside Kian Ping, who has more than 19 years of experience. Together, they cover a broad range of strategies across both absolute return mandates and multi-asset strategies.

Aims to track the performance of the London Bullion Market Association (LBMA) Gold Price AM* which is a widely used benchmark for daily gold prices. (*Before fees and expenses, including but not limited to hedging cost)

The Fund’s investment style is passive therefore, no dedicated investment research is needed to implement the strategy. Only the portfolio managers are authorized to execute trades.

The Fund is typically invested as much as possible in physical gold bars, at least 95% of the Fund while the remainder is held in credit accounts backed by an aggregate pool of gold rather than specific gold bars.

The physical gold is stored in secure vaults in Singapore with 24/7 security. In addition, the gold held in the Fund’s allocated and unallocated accounts is fully insured.

Endowus offers retail share class with 100% trailer fee rebated back to Endowus investors to achieve lower cost of access.

Investors looking for diversification to the traditional equity and bond asset classes can consider an allocation to Gold, as Gold has typically exhibited a low positive correlation with these asset classes.

Gold prices tend to be inversely related to the US dollar as well, potentially offering another form of diversification. Gold’s store of value characteristic further allows it to offer inflation hedging benefits, while Gold is also viewed as a safe haven asset that offers protection against severe macroeconomic events.

Investors should remain mindful that Gold as an asset class is inherently volatile and will likely experience periods of heightened volatility and drawdowns. Therefore, investors should always be mindful of the risk involved before investing in a specific asset class such as Gold.