GROW with Singlife (GROW), an integrated investment platform under homegrown financial services company Singlife, has expanded its offerings to include an exclusive share class of the JPMorgan Global Research Enhanced Index Equity Fund, in collaboration with J.P. Morgan Asset Management (JPMAM).
It is only available on the Central Provident Fund (CPF) investment scheme, and is intended to an effective way of investing for long-term retirement goals by combining the benefits of both active and passive investing.
Combining active and passive approaches, the fund attempts to deliver positive alpha while keeping the overall risk profile similar to the underlying benchmark. With a track record of over 20 years, the fund is part of JPMAM’s global research enhanced Index (REI) strategy, which harnesses stock-specific insights with a focus on risk management and cost efficiency.
JPMAM takes many small active positions in the portfolio, overweighting stocks that their analysts find relatively attractive and underweighting names that are less compelling from a bottom-up perspective. The fund does this while keeping regional, sector, and style exposures as close to the index as possible.
An exclusive share class of the Fund is now available on GROW’s platform and is included under the CPF Investment Scheme (List A category. Investments on the GROW platform start from S$200.
In addition, GROW’s clients will see cost savings through a low management fee (0.38% p.a.) on top of the elimination of additional charges such as upfront fees, which translates to higher net returns for investors.
Tim Wong, head of product at GROW with Singlife, said: “The JPMorgan Global Research Enhanced Index Equity Fund is a compelling option for investors looking to stretch their CPF savings by investing in a globally diversified equity portfolio, combining the best qualities of active and passive investing.”
Jacklyn Goh, head of Singapore intermediaries at JPMAM added: “This partnership will give CPF investors unique access to a cost-efficient fund with a demonstrated track record of outperforming the benchmark.”
