Manulife Asset Management has introduced two multi-asset products in Singapore with an aim to provide regular income and capital appreciation.
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The products include Manulife Global Asset Allocation-Managed Growth Fund and the Manulife Global Asset Allocation-Growth Fund, reports International Adviser.
Peter Warnes, head of Portfolio Solution Group, International for Manulife Asset Management, said: "Multi-asset funds are capable of providing payouts comparable to many single asset classes, but with better ability to control volatility, which is made possible by a mix of diverse assets."
The funds will incorporate a dynamic asset allocation strategy, though the level of exposure to equities will be varied in each case.
Both the funds will mainly invest in the Luxembourg-based range of Manulife Global Funds, having the flexibility to allocate investments into exchange traded funds and real estate investment trusts.
The managed growth fund will intend to invest maximum of 29.9% of the assets in equities, and will invest the remaining part in fixed income securities.
The growth fund will have the flexibility to invest up to 60% of the assets in equities and balance in fixed income securities.
