Lion Global’s Disruptive Innovation Fund chooses around 100 stocks from an investible universe of 500 companies listed globally that participate in disruptive trends, such as digital shopping, artificial intelligence, big data and analytics, automation and others, according to a statement from the firm.
It chooses 100 stocks from the universe using a five-factor screening process, which include market capitalisation, volatility, sales growth, earnings-per-share growth and price-to-sales ratio.
It was first launched in January 8, according to a Singapore-based Lion Global spokesman. Distribution is through LGI’s online distribution partners, such as fundsupermart.com, Dollardex and Poems, according to the statement.
According to the spokesman, the fund may be distributed through private banks in the future.
Lion Global initially hopes to attract millennial investors by offering a lower annual management fee of 0.68% per annum, according to the statement. The undiscounted management fee is 1%.
Lion Global is a member of the OCBC Group and managed $29.4bn as of end-2016, according to the statement.