Manulife will launch a fund focused on the local stock market, with small and medium-sized stocks accounting for 40% of the portfolio | Lianhe Zaobao
Manulife Investment Management will launch a new fund focused on the local stock market, planning to allocate 40% of its portfolio to high-quality small and mid-cap stocks. The fund is not constrained by benchmark indices and focuses on securities research, aiming to provide diversified returns. This move is part of the Monetary Authority of Singapore's initiative to develop the securities market, and Manulife is one of the six asset management companies selected to manage SGD 2.85 billion
Manulife Investment Management, appointed as the asset manager for the Securities Market Development Program, will launch a new fund focused on the local stock market, planning to allocate 40% of its portfolio to high-quality small and medium-sized stocks.
Last month, six asset management companies, including Manulife, were selected by the Monetary Authority of Singapore to manage SGD 2.85 billion for the development of the securities market. This is the second batch of selected asset managers, with the Monetary Authority currently appointing nine companies to manage a total of SGD 3.95 billion for the Securities Market Development Program.
Manulife announced on Wednesday (December 3) that the upcoming fund will retain a significant portion for large-cap stocks to ensure sufficient liquidity and provide diversified returns.
This fund is not constrained by a benchmark index and focuses on securities research. "Our strategy emphasizes company fundamentals and maintains strict discipline throughout the investment process."
Manulife Investment Management has over 120 years of investment management experience in Asia and began investing in local stocks in 2007.
Further Reading
Monetary Authority: Six companies appointed to manage SGD 2.85 billion for securities market development Monetary Authority launches SGD 30 million value release plan to help listed companies increase shareholder value
In addition to Manulife, other asset management companies appointed by the Monetary Authority are also launching funds focused on the Singapore market.
Fullerton Fund Management has launched the Singapore Value-Up Fund, which invests in mid-to-large-cap and small-cap stocks, as well as local securities from initial public offerings and secondary listings. The fund is open to retail investors in Singapore and specific international markets, as well as qualified investors and institutional investors through a collective investment scheme Avanda Investment Management's investment strategy revolves around three main themes: value enhancement, local leadership, and the transformation and recovery of enterprises. This fund is only available to qualified and institutional investors, aiming to achieve an absolute return of up to 15% over the next three to five years
