Endowus have selected the Fund as a low cost, actively managed multi-asset solution. Its equity component utilises a unique GDP weighting instead of a market cap weighting for asset allocation, while its bond component is more tilted towards Asian bonds.
Fund Objective: Aims to generate capital appreciation over the long term by investing primarily in a diversified portfolio of active funds and ETFs.
Suitability: The Fund targets an above-average level of portfolio risk and will be invested in a mix of asset classes that aims to suit an investor with an above-average tolerance for risk.
Fund Inception: 30 July 2018
Share Class Inception: 30 July 2018
Benchmark: N/A (Endowus typically use the MSCI ACWI equity index and the Bloomberg Barclays Global Aggregate fixed income index as representative indexes to benchmark performance over the long term.)
Fund AUM: SGD 52m
Source: MorningStar as of 30 April 2021. Please refer to the FMC page for the most updated AUM.
Underlying Fund Allocation:
Source: LionGlobal Investors as of 30 November 2020. Please refer to the FMC page for the most updated underlying fund information.
Regional Allocation (Equity Holdings):
Regional Allocation (Fixed Income Holdings):
Sector Allocation (Equity Holdings):
Sector Allocation (Fixed Income Holdings):
Source: MorningStar as of 31 December 2020, net rescaled %. Allocation data indicate actual exposure as a percentage of the Fund's total Net Asset Value. Please refer to the Fund Manager Page for the most updated information on Fund Holdings and Breakdown.
The Fund is considered one of the lower cost options given its diversified underlying holdings, which provides broad exposure to the global equity market and Asian bond market. It is a fund-of-funds structure that consists of 8 underlying funds, including 5 actively managed equity and bond funds by Lion Global Investors, and 3 passive equity ETFs. The Fund maintains a consistent 70% / 30% allocation to equity and bond respectively.
There is a significant structural underweight of US equities, and overweight of Asian and European equities and Asian bonds as a result of the Fund’s allocation methodology. The Fund uses GDP weighting, rather than market capitalisation weighting, in its equity allocation. Its bond allocation is also heavily tilted to the Asia/Singapore market. The Fund utilises an active approach to asset allocation, although its geographic allocations have not shifted dramatically in the past. Investors should take note and make investment decisions with full knowledge of these unique characteristics of the Fund.
Updated by Endowus: June 2021
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