LionGlobal Singapore Trust Fund(SG9999002414)
- Equities
- Singapore
- USD Cash
- Accumulating
The Fund aims to achieve long-term capital appreciation by investing primarily in securities of companies incorporated in, operating principally from, or deriving significant business presence or risk exposure from, Singapore. The investments of the ...
The Fund, with over SGD 1 billion in fund size, invests in companies that are incorporated in Singapore, operate primarily in Singapore, or derive significant business exposure from the country. The portfolio is diversified across sectors and market capitalisations.
The Singapore strategy has one of the longest track records among Singapore-focused equity strategies and has consistently maintained meaningful exposure to small and mid-cap (“SMID”) since 2014 which provides a differentiated exposure relative to benchmark-oriented strategies and access to a segment of the market that is often underrepresented.
Founded in 1986, Lion Global Investors (“LGI”) is one of the leading asset managers in Singapore, overseeing more than SGD 70 billion in assets. The firm has deep expertise in Singapore investing, overseeing over SGD 30 billion across a broad range of Singapore-focused strategies including equities, balanced portfolios, REITs, fixed income, liquidity funds, ETFs and segregated mandates.
The Fund is managed by two portfolio managers (“PMs”), Erica and Kenneth, who have a combined 40+ years of experience in Asian equities and have managed Singapore equity strategy together since 2014.
Both PMs are supported by four Asia ex-Japan equity analysts, with the analysts mainly covering STI constituents while the PMs focus on non-STI constituents, particularly within the SMID.
The fund aims to generate long term capital appreciation by outperforming the FTSE Straits Times All-Share Total Return Index.
Since inception, the fund has outperformed its reference benchmark* on an annualised net-of-fee basis. (*On 2 March 2026, the benchmark was changed from MSCI Singapore Index to FTSE Straits Times All-Share Index.)
The team’s stock selection capabilities have been a key driver of returns, with ~70% of the fund’s historical outperformance attributable to investment in SMID.
Constructs a well-diversified portfolio of 90-120 Singapore equities, with ~30-40% allocated to SMID. The investment process follows six key steps: defining the investment universe, idea generation, fundamental research, stock evaluation, portfolio construction, and risk management.
When assessing investment opportunities, the team focuses on four pillars—business quality, management, valuation, and catalysts. Investment ideas are then reviewed through weekly team meetings and smaller group discussions before being added to the approved investment list.
Endowus offers retail share class with 100% trailer fee rebated back to Endowus investors to achieve lower cost of access.
Suitable for investors seeking long-term capital appreciation through a diversified portfolio of Singapore equities, the Fund can serve as a core allocation within a Singapore equity portfolio or as a satellite position within a broader diversified portfolio. The strategy also complements passive STI-tracking funds by providing active exposure to a wider opportunity set, particularly within SMID.
Investors should remain mindful that the Fund is a single-country equity strategy and will likely experience periods of heightened volatility and make sure their portfolio remains geographically diversified in most cases. The fund is focused on a single country, Singapore and has notable exposure to the Financials and Industrial sectors, which may involve specific country-related and sector-related risks.
Daily data. Returns as of 10 Sep 2026.
| Year | Total | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
| 2026 | - | 4.0% | 3.7% | -4.9% | 7.1% | 1.9% | -4.2% | 7.4% | 2.5% | - | - | - | - |
| 2025 | 47.1% | 4.0% | 1.6% | 2.2% | 0.5% | 5.8% | 3.2% | 4.9% | 10.6% | 0.9% | 2.6% | -0.8% | 4.1% |
| 2024 | 36.5% | -5.3% | 0.3% | 4.6% | 5.6% | 3.4% | 1.1% | 5.5% | 4.7% | 9.1% | -2.9% | 7.9% | -1.4% |
| 2023 | 4.6% | 7.2% | -5.3% | 5.1% | -1.0% | -6.8% | 1.6% | 9.5% | -7.1% | -0.6% | -5.2% | 1.6% | 7.3% |
| 2022 | -11.4% | -1.1% | -1.3% | 1.5% | -7.4% | -2.8% | -7.2% | 5.1% | -0.8% | -5.9% | 0.1% | 10.6% | -1.5% |
| Load more | 5 of 23 | ||||||||||||
| DBS Group Holdings Ltd | 20.95% |
| Oversea-Chinese Banking Corp Ltd | 9.39% |
| Singapore Telecommunications Ltd | 8.33% |
| United Overseas Bank Ltd | 4.60% |
| Jardine Matheson Holdings Ltd | 3.91% |
| Keppel Ltd | 3.44% |
| UOB-Kay Hian Holdings Ltd | 2.91% |
| UOL Group Ltd | 2.09% |
| CapitaLand Integrated Commercial Trust | 2.01% |
| Ultragreen Ai Ltd Ordinary Shares | 1.93% |
| Food Empire Holdings Ltd | 1.93% |
| Oiltek International Ltd | 1.85% |
| City Developments Ltd | 1.75% |
| Singapore Airlines Ltd | 1.48% |
| CSE Global Ltd | 1.44% |
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