$719 Billion Asset Manager Dimensional Fund Advisors Launches 3 Funds for Singapore Retirement Account (CPFIS), 1) Global Core Equity III Fund Targeting at Small Cap, Value & Higher Profitability, 2) Emerging Markets Large Cap Core Equity III Fund Targeting at Emerging-Markets Large Cap Equities, and 3) Global Core Fixed Income III Fund Investing in Government & Corporate Bonds with Variable Duration & Credit Quality Exposure
15th July 2024 | Hong Kong
United States asset manager Dimensional Fund Advisors with $719 billion AUM has launched 3 funds for Singapore retirement account (CPFIS), 1) Global Core Equity III Fund targeting at small cap, value & higher profitability, 2) Emerging Markets Large Cap Core Equity III Fund targeting at emerging-markets large cap equities, and 3) Global Core Fixed Income III Fund investing in government & corporate bonds with variable duration & credit quality exposure. Dimensional (12/7/24): “Dimensional Fund Advisors, a pioneer of factor investing and Morningstar’s asset manager of the year in Singapore, has launched three funds under the CPFIS. The three funds provide CPF Ordinary Account holders with access to Dimensional’s evidence-based approach, targeting market-beating returns. The funds draw on Dimensional’s 40-plus years of experience in factor investing and offer exposure to developed and emerging equity markets and global bonds. A New Suite of Funds – The new funds included under the CPFIS offer a combination of broad diversification with flexible implementation that aims to improve upon market returns. They are also expected to be among the lowest cost funds included under the CPFIS. The new funds offer a global, balanced portfolio solution able to meet various long-term investment objectives and are similar to long-running strategies available to Dimensional’s clients around the world … … Dimensional has offered its highly diversified, low-cost systematic funds in Singapore since 2012. Dimensional Fund Advisors Pte. Ltd. was named Best Asset Manager in Singapore in the 2024 Singapore Morningstar Awards for Investing Excellence. The launch of Dimensional’s funds within the CPFIS has been made possible with the support of two important wealth management firms in Singapore, Providend and Endowus. Dimensional’s funds will be available through these private wealth planners, with broader distribution to follow.”
“ $719 Billion Asset Manager Dimensional Fund Advisors Launches 3 Funds for Singapore Retirement Account (CPFIS), 1) Global Core Equity III Fund Targeting at Small Cap, Value & Higher Profitability, 2) Emerging Markets Large Cap Core Equity III Fund Targeting at Emerging-Markets Large Cap Equities, and 3) Global Core Fixed Income III Fund Investing in Government & Corporate Bonds with Variable Duration & Credit Quality Exposure “
Joel Kim, CEO Asia ex-Japan, and Head of International Fixed Income, Dimensional Fund Advisors: “The CPF is a great asset to the people of Singapore, and the addition of Dimensional’s funds increases its value. We’ve been working with investors in Singapore for more than 10 years, and we are proud that so many more people will now have access to Dimensional Investing.”
Joel Teasdel, Head of Wealth Management Group, Asia ex-Japan, Dimensional Fund Advisors: “Singapore’s private wealth management industry is developing fast and promises to transform the financial security of many families. Adding Dimensional’s funds to the CPF Investment Scheme is a game changer for people who want flexible and cost-effective access to world equity and bond markets.”
Dimensional Investing – A culture of academic inquiry is Dimensional’s bedrock. The firm is driven by an evidence-based approach, Nobel Prize–winning insights, and decades of expertise pursuing higher returns. Since Dimensional’s founding in 1981, five Nobel laureates have had close ties with Dimensional or the US Dimensional Funds: Merton Miller, Robert Merton, Myron Scholes, Eugene Fama and Douglas Diamond. Dimensional believes market prices incorporate new information and market participants’ expectations in real time. Its strategies use the information contained in prices to seek better returns, manage risk and control costs. Trusting markets means the firm takes a less subjective, more systematic approach to investing—which can be implemented consistently around the world and across asset classes. Dimensional’s strategies are low cost, low turnover, own hundreds or thousands of securities, and generally use a flexible process that continuously and systematically targets higher expected returns.
Disclosures – The Global Core Equity III Fund, Emerging Markets Large Cap Core Equity III Fund, and Global Core Fixed Income III Fund, sub-funds of Dimensional Funds PLC (the “funds”) are included under the Central Provident Fund Investment Scheme – Ordinary Account (‘OA’). The CPF interest rate for the OA is based on the legislated minimum interest of 2.5% per annum, or the 3-month average of major local banks’ interest rates, whichever is higher. In addition, the CPF Board will pay an extra interest rate of 1% per annum on the first S$60,000 of a CPF member’s combined balances (capped at $20,000 in the OA). CPF members aged 55 and above will also earn an additional 1% extra interest on the first $30,000 of their combined balances (capped at $20,000 for OA). The first S$20,000 in the CPF-OA is not allowed to be invested under the CPFIS. Investors should note that the applicable interest rates for each of the CPF accounts may be varied by the CPF Board from time to time.
Dimensional Fund Advisors – Dimensional is a leading global investment firm that has been translating academic research into practical investment solutions since 1981. Guided by a strong belief in markets, we help investors pursue higher expected returns through a systematic investment process that integrates research insights with advanced portfolio design, management and trading while balancing tradeoffs that can impact returns. Dimensional is headquartered in Austin, Texas, and has 15 global offices across North America, Europe and Asia. As of 31 March 2024, Dimensional manages $719 billion USD for investors worldwide. For more information, please visit dimensional.com.
Providend – Providend was the first fee-only wealth advisory firm in Southeast Asia and is a specialist in retirement planning, including accumulating towards retirement and drawing-down in retirement. Established in 2001, the firm provides conflict-free advice on all aspects of wealth management.
Endowus – Endowus is an award-winning, independent fee-only wealth and fund platform and the first digital advisor in the region to span personal savings,private wealth and public pension (CPF & SRS in Singapore). It serves as a fund investment platform and fiduciary advisor to over 100,000 individuals, family offices, charities, endowments and institutions.
$719 Billion Asset Manager Dimensional Fund Advisors Launches 3 Funds for Singapore Retirement Account (CPFIS), 1) Global Core Equity III Fund Targeting at Small Cap, Value & Higher Profitability, 2) Emerging Markets Large Cap Core Equity III Fund Targeting at Emerging-Markets Large Cap Equities, and 3) Global Core Fixed Income III Fund Investing in Government & Corporate Bonds with Variable Duration & Credit Quality Exposure
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