T. Rowe Price, a global asset manager, has partnered with Tokio Marine Life Insurance Singapore to offer two global funds to Singapore retail investors via investment-linked insurance plans. This marks the first time T. Rowe Price’s expertise in global equity and fixed-income investments is available to this market segment.
The partnership introduces two funds: the T. Rowe Price Funds SICAV – Global Focused Growth Equity Fund and the T. Rowe Price Funds SICAV – Diversified Income Bond Fund. The equity fund aims to build a high-conviction global portfolio by identifying “best ideas” across global markets, with an intended annual dividend of 8%. Meanwhile, the bond fund offers a 7.18% annualised dividend yield, investing in a diverse range of bonds from over 80 countries and 40 currencies.
Goh Kay Yiong, Chief Investment Officer at Tokio Marine Life Insurance Singapore, stated, “Our partnership with T. Rowe Price to introduce these new funds reflects Tokio Marine’s commitment to providing customers with a diverse and thoughtfully selected range of investment strategies.”
Glen Lee, Head of Intermediary Distribution for Asia ex-Japan at T. Rowe Price, added, “We are pleased to partner with Tokio Marine to curate best-in-class global equity and fixed income investment solutions for Singapore investors.”
This collaboration underscores T. Rowe Price’s commitment to expanding its presence in Asia, where it currently offers 25 recognised funds in Singapore. The partnership aims to enhance client offerings through strategic collaborations, providing innovative investment solutions for long-term wealth generation.
