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Fullerton preps multi-asset products

Data suggests rising investor sentiment for multi-asset products in Asia.

Singapore-based Fullerton Fund Management is awaiting authorisation from the Monetary Authority of Singapore for three multi-asset funds to be launched in the Lion City, according to records from the regulator.

They are the Fullerton SGD Heritage Balanced, Heritage Growth and Heritage Income funds. The three products will have different weightings for equities and fixed income: the balanced will have a 50/50 allocation, growth will have up to 80% in equities, and income will have up to 80% in fixed income, according to the prospectus.

The fund launches come at a time when multi-asset funds have become one of the most popular fund categories in the Lion City as income continues to be an important theme for Singapore investors.

The firm, which manages assets of S$45bn ($33.36bn), currently distributes other multi-asset funds, which include the Dynamic Strategies Balanced, Dynamic Strategies Aggressive and the Asia Income Return Fund, according to FE data.

The dynamic and Asia income strategies invest in other mutual funds and ETFs managed by other fund managers, including China AMC, Dimensional, Vanguard, Blackrock and State Street, according to the fund factsheets.

The Heritage funds are expected to have different underlying investments. At least 30% of their assets aim to be invested in other active funds managed by the firm, according to the prospectus.

Separately, Fullerton has made several appointments the past few months.

In January, it appointed Mark Yuen as chief business development officer to lead efforts to widen the firm’s target markets and client segments, according to a statement at the time.

It also hired Tan Huck Khim in December as the firm’s head of private equity. In his newly-created role, Tan is responsible for driving the firm’s private equity strategies and managing its PE portfolios. He is supported by Kenneth Chia, vice president for private equity who joined the firm in January.

Fullerton is also the only Singapore-based fund manager that has launched an onshore fund in China.

Part of the Mark Allen Group.