$816 Billion Asset Manager Fidelity International & Malaysia Largest Bank Maybank Form Partnership to Launch Multi-Asset Solution FAST – Maybank Alpha Capital & Income Opportunities Fund, 3 Share Classes with Dividend Accumulation, Income & Decumulation, Exclusive Distribution by Maybank Singapore & Available in Malaysia via Maybank Asset Management in 2024 Q3
29th May 2024 | Hong Kong
Leading asset manager Fidelity International with $816 billion AUM (Assets under Management) & Malaysia largest bank Maybank have formed a partnership to launch a new multi-asset solution FAST – Maybank Alpha Capital & Income Opportunities Fund, providing 3 share classes with dividend Accumulation, Income & Decumulation. 1) Accumulation (Grow), offers long-term capital growth by reinvesting dividends to leverage the power of compounding, 2) Income (Sustain), seeks to offer a regular monthly dividend stream, 3) Decumulation (Stretch), looks to maximise the income payout to fund investor’s retirement needs with a regular monthly dividend stream. The new fund is exclusively distributed by Maybank Singapore, and will be available in Malaysia via Maybank Asset Management in 2024 Q3. Fidelity (28/5/24): “Maybank Singapore (Maybank) and Fidelity International (“Fidelity”) today announced a partnership to launch a market-leading multi asset solution. The new ‘FAST – Maybank Alpha Capital & Income Opportunities Fund’ (the Fund) aims to deliver both income and capital growth opportunities across a broad investment universe for greater diversification benefits. The partnership will enhance the bank’s investment offering through a unique, market-leading solution that will combine Fidelity’s global expertise and research capabilities with Maybank’s deep insight into the needs of ASEAN clients and extensive footprint across the region. The collaboration highlights Maybank’s continued efforts to innovate and expand its product offering to cater to investors’ evolving needs as well as Fidelity’s commitment to bringing its decades of investment management experience to more investors in the region.” In 2024 February, Fidelity International launched 3 new absolute return funds – 1) Global Equity, 2) Multi-Strategy & 3) Global Fixed Income Fund. The 3 funds will target positive returns in all market conditions, and low correlations to traditional asset classes. The 3 funds are 1) Fidelity Absolute Return Global Equity, 2) Fidelity Absolute Return Multi Strategy, and 3) Fidelity Absolute Return Global Fixed Income.
” $816 Billion Asset Manager Fidelity International & Malaysia Largest Bank Maybank Form Partnership to Launch Multi-Asset Solution FAST – Maybank Alpha Capital & Income Opportunities Fund, 3 Share Classes with Dividend Accumulation, Income & Decumulation, Exclusive Distribution by Maybank Singapore & Available in Malaysia via Maybank Asset Management in 2024 Q3 “
Alvin Lee, Country CEO of Maybank Singapore: “We are delighted to work with Fidelity as this partnership is a strategic extension of our combined investment and in-depth research capabilities to deliver a compelling multi-asset investment solution. This differentiated solution enables clients to meet their wealth and income goals across different life stages amid increasing market uncertainty. We will continually strive to provide clients with industry-leading investment solutions to achieve their financial goals.”
Sabrina Gan, Head of Southeast Asia & Country Head of Singapore at Fidelity International: “We are excited to partner with Maybank to provide investors in Singapore and the wider region with a truly innovative product that will build resilience into their portfolios and so strengthen their financial futures. This collaboration allows us to combine Fidelity’s decades of global heritage in active investment management experience with Maybank’s extensive network and deep local insight into the Southeast Asia market, and we look forward to delivering an enhanced range of services and solutions to Maybank’s clients.”
The Fund is offered in three share classes (Accumulation, Income and Decumulation) to meet different investment goals:
- Accumulation (Grow), offers long-term capital growth by reinvesting dividends to leverage the power of compounding.
- Income (Sustain), seeks to offer a regular monthly dividend stream.
- Decumulation (Stretch), looks to maximise the income payout to fund investor’s retirement needs with a regular monthly dividend stream.
The FAST – Maybank Alpha Capital & Income Opportunities Fund is exclusively distributed by Maybank Singapore, and will be available in Malaysia via Maybank Asset Management in Q3 2024.
About Fidelity International
Fidelity International offers investment solutions and services and retirement expertise to more than 2.8 million customers globally. As a privately held, purpose-driven company with a 50-year heritage, we think generationally and invest for the long term. Operating in more than 25 locations and with $816.9billion in total assets, our clients range from central banks, sovereign wealth funds, large corporates, financial institutions, insurers and wealth managers, to private individuals. Our Global Platform Solutions business provides individuals, advisers and employers with access to world-class investment choices, third-party solutions, administration services and pension guidance. Together with our Investment Solutions & Services business, we invest $583.8billion on behalf of our clients. By combining our asset management expertise with our solutions for workplace and personal investing, we work together to build better financial futures. Data as at 31 March 2024.
About Maybank Singapore
Maybank is the fourth largest financial institution group in ASEAN by assets. It has been ranked the Best Bank in Asia Pacific and Singapore by The Banker in 2023; and the number one domestic bank in Malaysia for trade finance, according to the Euromoney Trade Finance survey in 2024. Maybank Singapore is one of the Group’s largest overseas operations and a Qualifying Full Bank in Singapore. As at 31 December 2023, Maybank’s total assets in Singapore were approximately S$80.26 billion. With strategically located banking branches and over 2,000 employees in Singapore, Maybank is well-positioned to provide highly personalised services and locally-oriented solutions that will deliver more value to customers.
$4.8 Trillion Asset Manager Fidelity Launches 3 Absolute Return Funds – Global Equity, Multi-Strategy & Global Fixed Income Fund, 3 Funds Target Positive Returns in All Market Conditions & Low Correlations to Traditional Asset Classes
22nd February 2024 – Leading asset manager Fidelity International (Fidelity $4.8 trillion AUM) has launched 3 new absolute return funds – 1) Global Equity, 2) Multi-Strategy & 3) Global Fixed Income Fund. The 3 funds will target positive returns in all market conditions, and low correlations to traditional asset classes. The 3 funds are 1) Fidelity Absolute Return Global Equity, 2) Fidelity Absolute Return Multi Strategy, and 3) Fidelity Absolute Return Global Fixed Income. See below for more info:
Sabrina Gan, Head of Southeast Asia & Country Head of Singapore at Fidelity International: “In times of uncertainty, investors are increasingly looking to build resilience into their portfolios and find uncorrelated and diversified sources of return. With low correlation to traditional asset classes and markets, The Fidelity Absolute Return strategies seek risk and return drivers which differ from those of traditional investments and aim to deliver positive returns irrespective of market conditions. Drawing on Fidelity’s established proprietary investment research, they aim to capture high conviction alpha opportunities and provide uncorrelated streams of return. They can also complement traditional market exposures in a broader portfolio, providing diversification and potentially greater resilience through periods of market weakness.”
Fidelity Launches 3 Absolute Return Funds – Global Equity, Multi-Strategy & Global Fixed Income Fund
Fidelity Absolute Return Global Equity, invests at least 70% of its assets in equities of companies around the world, as well as cash and money markets. Leveraging the depth and breadth and of Fidelity’s equity research platform, it aims to deliver long term absolute performance through the consistent capture of idiosyncratic proprietary alpha.
Fidelity Absolute Return Multi Strategy, is diversified across a range of alternative strategies including equity hedge, fixed income and macro, opportunistic, and arbitrage strategies. It aims to deliver an absolute positive return over the medium to long term via a solution that invests in strategies diversified by strategy type, investment approach and asset class.
Fidelity Absolute Return Global Fixed Income, looks for opportunities in credit, rates and FX with a focus on relative value and non-directional positions to limit market risk factors. It taps on Fidelity’s established credit research capabilities and aims to deliver returns over the medium to long term without compromising on volatility and liquidity.
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2024 Investment Day
- March 2024 - Hong Kong
- March 2024 - Singapore
- July 2024 - Hong Kong
- July 2024 - Singapore
- Sept 2024 - Hong Kong
- Sept 2024 - Singapore
- Oct 2024 - Hong Kong
- Nov 2024 - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
