The Manulife-DBS Select Balanced Portfolio Fund and, separately, the UOB Asset Management United Sustainable Credit Income Fund, have been registered with the Monetary Authority of Singapore (MAS).
The two products are in the authorisation-pending process, according to MAS records. Once approved, they will be available to retail investors in Singapore.
According to FE Fundinfo, both products are newly-incepted funds.
The Manulife-DBS Select Balanced Portfolio Fund will “invest primarily in a managed portfolio of collective investment schemes and cash, targeting an asset allocation of up to 60% into schemes with underlying investments comprising of equities, and/or REITs”, according to its prospectus.
DBS will act as the investment advisor,
Manulife AM has 36 Securities and Futures Commission-authorised funds in Hong Kong and in Singapore, 31 funds for accredited investors and 16 for retail investors, according to FE Fundinfo.
The firm has been busy in the Philippines. Last year, it debuted the Global Preferred Income Feeder Fund and launched a US-focused equity feeder fund.
The UOB AM product is a fund of funds aiming for capital growth and income through allocation to fixed income, the prospectus noted. It will invest primarily in the RobecoSAM SDG Credit Income Fund, a sub-fund of the Robeco Capital Growth Funds.
According to the prospectus, the Robeco Capital Growth Funds invest at least two-thirds of total assets in a multi-sector portfolio of fixed income instruments of varying maturities.
In Singapore, UOB AM manages 49 funds for accredited investors and 46 for retail investors, FE Fundinfo shows. Last year, the firm completed its acquisition of a 75% stake in Jakarta-headquartered PG Asset Management.
UOB AM has S$35.1bn ($25.8bn) in assets under management, according to its website.
FSA contacted the two firms for more details, but Manulife AM was unable to reply in time for publication and UOB AM declined to comment.
