Wellington Management has registered three new investment funds in Singapore: the Wellington Asia Credit Income fund, the Wellington Asia Quality Income fund and the Wellington Global Equity Income fund.
The new funds are part of the firm’s aim of broadening its Ucits offerings geared towards high-net-worth individuals and the mass affluent, having announced a series of retail registrations in Singapore earlier this year.
The Wellington Asia Credit Income fund is managed by Ross Dilkes and invests in Asian-domiciled, US dollar-denominated credit. The fund primarily invests in investment grade corporate bonds with opportunistic exposure to high yield corporates and sovereign and quasi-sovereign issuers.
Meanwhile, the Wellington Asia Quality Income fund is managed by Naveen Venkataramani and targets regular income by primarily investing in companies located in or that have significant business activity in Asia ex-Japan.
Finally, the Wellington Global Equity Income fund is managed by Andre Desautels and seeks long-term total returns above the MSCI All Country World Index as well as to generate income above the broader equity markets. The fund mainly invests in large-cap companies globally.
“All three funds aim to offer income and capital growth, a feature that is increasingly appealing to retail investors. We’re extending our offering with two Asia-focused funds that provide investors exposure to asset classes with high growth potential that we believe are set to shape the global capital markets in coming decades,” said Elizabeth Chisholm, head of client group in Asia Pacific.