UK-based Threadneedle Investments has forged a distribution deal with Singapore-based DBS Bank which will give the bank’s clients access to one of the firm’s further fund.
The Threadneedle (Lux) Developed Asia Growth and Income Fund will now be available to all DBS clients via the bank’s distribution platform, reported Internationla Adviser.
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The fund, which is managed by Ng Soo Nam, head of Asian equities alongside fund manager Christine Seng, will invest in companies across developed Asia in Singapore, Hong Kong and Australia and provide dividend returns of at least 3% per annum along with capital growth by using an active total return strategy.
Benchmarked against the MSCI Hong Kong, MSCI Singapore and MSCI Australia, each with a 40% weighting, the funds portfolio consists of 35 to 50 companies.
Threadneedle already distributes its funds via bank distribution and third-party distributors in Singapore.
Threadneedle said: "We are always looking into opportunities to expanding our distribution network, and will announce concrete plans at the right time."
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By GlobalDataV. Arivazhagan, regional head of investment and treasury products at DBS Bank said that the addition of the new fund offer customers an opportunity to diversify their portfolios.
Gerard Clancy, executive director, wholesale distribution, Asia Pacific, Threadneedle, said: "The fund is our first locally- manufactured offering and we believe that companies within Developed Asia are especially well-positioned to give investors a unique balance between growth and income, which is increasingly relevant for Asian investors."
