Strong corporate profiles and the reopening of Singapore will foster the performance of the asset class, said Pinebridge Investments.

Michelle joined Fund Selector Asia as a reporter in 2021, covering asset and wealth management in Asia. Prior to joining FSA, she was a TV reporter and anchor at Hong Kong International Business Channel. She is a graduate of Hong Kong Baptist University, majoring in journalism. Connect with her on Twitter or LinkedIn.
Strong corporate profiles and the reopening of Singapore will foster the performance of the asset class, said Pinebridge Investments.
The products are among the first fund of funds that invests into ESG ETFs recognised by the Securities and Futures Commission.
FSA compares two US dollar mixed asset products: the Blackrock GF Global Multi-Asset Income Fund and the Fidelity Global Multi Asset Income Fund.
The firm’s fourth fund under the scheme invests in global high yield bonds.
The Securities and Futures Commission authorised the products earlier this month.
Welab Bank collaborates with Allianz Global Investors for the service.
Only 5% of the respondents to a Pictet Asset Management and HKUST survey are currently investing in ESG products.
The territory ranked fourth among 48 exchanges globally in terms of ESG practice, Morningstar found.
Market volatility caused decreases in net assets in almost all of the largest categories, Morningstar found.
The fund adopts the DBS CIO Barbell Strategy, a product of DBS Private Bank with over S$3bn ($2.2bn) in AUM.
Part of the Mark Allen Group.