$1 Trillion Asset Manager Wellington Management Launches 3 New Investment Funds in Singapore Targeting at HNWIs & Mass Affluent Investors: Global Equity Income Fund, Asia Credit Income Fund & Asia Quality Income Fund
28th November 2023 | Hong Kong
Wellington Management with $1 trillion AUM (Assets under Management) has launched 3 new investment funds in Singapore targeting at HNWIs (High net worth individuals) and mass affluent investors: Wellington Global Equity Income Fund, Wellington Asia Credit Income Fund & Wellington Asia Quality Income Fund. 1) Wellington Asia Credit Income Fund is managed by Ross Dilkes (Portfolio Manager), seeks long-term total returns, with a secondary focus on regular income. 2) Wellington Asia Quality Income Fund is managed by Naveen Venkataramani (Portfolio Manager), is actively managed and seeks long-term total returns with a focus on regular income by primarily investing in companies domiciled in or that conduct significant business in the Asia ex-Japan region. 3) Wellington Global Equity Income Fund is managed by Andre Desautels (Portfolio Manager), seeks long-term total returns in excess of the MSCI All Country World Index providing income in excess of broader equity markets, is actively managed, and invests primarily in large-cap companies worldwide. More info below:
” $1 Trillion Asset Manager Wellington Management Launches 3 New Investment Funds in Singapore Targeting at HNWIs & Mass Affluent Investors: Global Equity Income Fund, Asia Credit Income Fund & Asia Quality Income Fund “
Elizabeth Chisholm, Wellington Management Head of Client Group, Asia Pacific: “The registration of this series of funds is illustrative of our depth of local talent and keen understanding of investor preferences in Asia. All three funds aim to offer income and capital growth, a feature that is increasingly appealing to retail investors. We’re extending our offering with two Asia-focused funds that provide investors exposure to asset classes with high growth potential that we believe are set to shape the global capital markets in coming decades. With the registration of our third wave of retail fund products in Singapore, we offer yet more high-quality funds that cater to the investment preferences of these investors. We believe investors can benefit from the in-depth and diverse perspectives of Wellington’s proprietary investment research teams, including our ESG-research capabilities, leveraging the firm’s longstanding effort that aims to identify high impact and differentiated investment opportunities. Since our initial launch (dating back to the fourth quarter of 2021), we have built a comprehensive suite of investment products, that meet many of the needs of retail investors in Singapore.”
$1 Trillion Asset Manager Wellington Management Launches 3 New Investment Funds in Singapore Targeting at HNWIs & Mass Affluent Investors
28th November 2023 – Wellington Management (“Wellington” or the “Firm”), one of the world’s largest independent investment management firms, today announced the registration of three new investment funds in Singapore. The Wellington Asia Credit Income Fund, Wellington Asia Quality Income Fund, and Wellington Global Equity Income Fund are focused on serving the income and capital growth needs of high-net-worth individuals (HNWI) and the mass affluent segment. Wellington continues to build a comprehensive UCITS range across equities, fixed income and multi-asset for the retail segment within the wealth channel in Asia. Guided by experienced portfolio managers well-versed in catering to the requirements of wealth management clients, the new funds showcase Wellington’s extensive proprietary research and skill in recognising investible opportunities.
- Wellington Asia Credit Income Fund – Managed by Ross Dilkes, the Wellington Asia Credit Income Fund seeks long-term total returns, with a secondary focus on regular income. The Fund is actively managed, primarily investing in Asian- domiciled, US dollar-denominated credit instruments. The investment process focuses on active security selection across Asian credit. The fund primarily invests in US dollar-denominated fixed income securities, such as investment grade corporate bonds, complemented by opportunistic exposure across high yield corporates, and sovereign and quasi-sovereign issuers, spanning a variety of sectors. The investment team will aim to adjust the level of risk attributed to such allocations based on the market environment. Downside risk management is a critical component of their approach, and they aim to mitigate the cyclicality of the credit market through active positioning.
- Wellington Asia Quality Income Fund – Managed by Naveen Venkataramani, the Wellington Asia Quality Income Fund is actively managed and seeks long-term total returns with a focus on regular income by primarily investing in companies domiciled in or that conduct significant business in the Asia ex-Japan region. The team believe an investment process oriented around determining the quality of a business, its valuation and its dividends can achieve the dual objective of long-term total returns alongside regular income.
- Wellington Global Equity Income Fund – Managed by Andre Desautels, the Wellington Global Equity Income Fund seeks long-term total returns in excess of the MSCI All Country World Index, as well as to provide income in excess of broader equity markets. The Fund is actively managed, investing primarily in large- cap companies worldwide. The team invests globally, seeking well-managed businesses within durable industry structures trading at attractive free cash flow-based valuations. Within their research, the team evaluates three key characteristics to determine their view on the attractiveness of a company: ability to pay dividends, willingness to pay dividends and valuation skewness.
About Wellington Management
Tracing its history to 1928, Wellington Management is one of the world’s largest independent investment management firms, serving as a trusted adviser to over 2,400 clients in more than 60 markets. The firm manages over US$1 trillion for pensions, endowments and foundations, insurers, family offices, fund sponsors, global wealth managers, and other clients (as of 30 September 2023). As a private partnership whose only business is investment management, the firm is able to align its long-term views and interests with those of its clients. The firm offers comprehensive investment management capabilities that span nearly all segments of the global capital markets, including equity, fixed income, multi-asset, sustainable investing, and alternative strategies. With more than 900 investment professionals located in offices around the world, Wellington pairs deep multi-disciplinary research resources with independent investment teams operating in an entrepreneurial “boutique” environment. The Wellington Management Singapore office was opened in 1996 and has over 100 experienced professional staff representing a broad range of functions, including investment management and research, global relationship management, product management, and legal and compliance. Its investment professionals manage assets for clients both regionally and globally, and conduct research that is used by portfolio managers and analysts across the firm’s locations. In the North Asia region, the firm is a solutions provider for institutional clients, including public entities, corporate pensions, family offices, private banks, and mutual fund sponsors. For more information,please visit www.wellington.com.sg.
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