Allianz GI in thematic fund push in Singapore

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UOB Asset Management and Blackrock have also registered thematic funds in the Lion City.

Allianz Global Investors is waiting for approval from the Monetary Authority of Singapore for three thematic funds to be sold in the Lion City, according to records from the regulator.

They are the Global Intelligent Cities, Thematica and Green Bond funds. The firm expects the funds to be approved in February, according to the funds’ prospectus.

The funds are not yet available for accredited investors in Singapore, according to FE data. They are also not yet registered with the Securities and Futures Commission for retail sale in Hong Kong.

Both the Thematica and Green Bond funds were launched in 2016 in Europe, according to their fund factsheets. The Thematica fund invests in global equities with a focus on theme, sector and stock selection, while the Green Bond fund invests in public or private issuers of bonds that finance environmental projects.

The Global Intelligent Cities Fund is a new strategy, as it still does not have a one-year track record, according to the prospectus.

The new funds follow the roll out of the firm’s Artificial Intelligence Fund, which was launched in 2017 in both Hong Kong and Singapore, according to FE data.

A number of firms in the region have started to push thematic products to investors in Singapore.

UOB Asset Management registered the United Global Innovation Fund last month. Blackrock also registered three thematic funds, the Future of Transport, Fintech and Next Generation Technology , as well as four emerging market-focused ESG fixed income funds in November.

 

 

 

 

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