GROW with Singlife, an integrated investment platform under Singlife, has partnered with abrdn Investments to launch an exclusive share class of the abrdn SICAV II Global Income Bond Fund. The fund, available only on GROW’s platform, aims to deliver a compelling yield to worst of 6.5% USD hedged, offering attractive monthly payouts and potential capital appreciation.
The fund strategically invests in a globally diversified portfolio of crossover bonds, rated between BBB and BB, to balance stability and higher returns. This approach caters to conservative investors seeking stability and those pursuing higher yields. The launch comes as inflation eases globally and central banks are expected to cut rates, making traditional short-term cash management instruments less appealing. Fixed income investments are gaining traction for their ability to provide higher yields and sustainable returns.
Tim Wong, Head of Product at GROW with Singlife, stated, “This fund represents a compelling option for those seeking attractive, stable income solutions with controlled risks.” The fund addresses the growing need for reliable retirement income, especially as Singapore’s population ages. A 65-year-old today requires an estimated $685,000 to fund 20 years of retirement, highlighting the importance of stable payouts.
Natalie Tan, Head of Wholesale Southeast Asia at abrdn Investments, expressed enthusiasm for the partnership, noting that the fund offers a valuable addition to income-focused portfolios. With a strong history of delivering consistent income and competitive performance, the fund ranks among the top performers in its category, according to Morningstar.
The abrdn SICAV II Global Income Bond Fund was officially introduced at a launch event at Marina One, attended by industry leaders and financial advisers. Investors can learn more by contacting their financial advisers or visiting GROW’s website.
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