Natixis Investment Management has filed an application with the Monetary Authority of Singapore (MAS) to launch its WCM Global Emerging Markets Equity Fund, according to the regulator’s website.
Once approved, it will be available to retail investors in the Lion City.
The fund uses a bottom-up approach that seeks to identify companies with attractive fundamentals, according to its prospectus.
“It invests primarily in equity securities of emerging market companies, including certain eligible A-shares via the Shanghai-Hong Kong Stock Connect program and/or Shenzhen-Hong Kong Stock Connect program.”
The investment manager is WCM Investment Management.
In 2018, Natixis signed an agreement to acquire a minority stake in WCM and became their exclusive third-party distributor, according to a statement from Natixis.
FSA contacted the firm for more information but did not receive a reply in time for publication.
Earlier this year, Mirova, a Natixis affiliate, also filed an application with the MAS to launch the Mirova Global Sustainable Equity Fund, which has an ESG focus.
The fund has received approval for sale to retail investors, according to the regulator’s website.
In Hong Kong, Natixis IM has eight SFC-authorised funds. In Singapore, it manages 25 products for accredited investors and 18 for retail investors, according to FE Fundinfo.
Natixis had assets under management of $908.9bn as of the end of March this year, according to its website.
Fullerton IG bond fund
The Fullerton Lux Funds – Asian Investment Grade Bonds is waiting for approval from the MAS, according to the regulator’s website.
The US dollar-denominated fund invests in fixed income or debt securities, both government and corporate, in Asia. The portfolio is mainly investment grade with a minimum credit rating of BBB-.
FSA also contacted the firm for more information but it was unable to reply in time for publication.
Last year, Fullerton filed application with the MAS to launch three multi-asset products — balanced, growth and income — in a series called Heritage. MAS records show they have been approved.
In Singapore, it manages 28 products for accredited investors and 22 for retail investors, according to FE Fundinfo.
Separately, the HSBC Global Investment Funds-Global Corporate Fixed Term Bond 2023-3 is also waiting for approval from the MAS.
The fixed maturity product comes after the firm prepared the Asia Credit Fixed Term Bond 2022, the Asia Credit Fixed Term Bond 2023 and the Global Corporate Fixed Term Bond 2022-2 for retail sale in Hong Kong, FSA previously reported.