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The newly introduced funds focus on generating income and long-term capital growth and are integral to the firm's goal of broadening its UCITS offerings aimed at high-net-worth individuals (HNWI) and the mass affluent segment following its second series of retail registrations in early 2023.
Singapore, 28 November 2023 – Wellington Management (“Wellington” or the “Firm”), one of the world’s largest independent investment management firms, today announced the registration of three new investment funds in Singapore. The Wellington Asia Credit Income Fund, Wellington Asia Quality Income Fund, and Wellington Global Equity Income Fund are focused on serving the income and capital growth needs of HNWI and the mass affluent segment.
Elizabeth Chisholm, Head of Client Group, Asia Pacific, said, “The registration of this series of funds is illustrative of our depth of local talent and keen understanding of investor preferences in Asia. 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.
The Wellington Asia Credit Income Fund expands the firm’s fixed income platform, while offering further diversification benefits and potentially attractive risk-return potential. With our two equity income funds, the Wellington Asia Quality Income Fund and Wellington Global Equity Income Fund, we are offering two complementary approaches: access to dividend-paying Asian companies with a quality focus, as we believe Asia is considered a fertile hunting ground for world-class companies with growing attention to governance and shareholder returns; and a diversified approach to global, large cap companies that can provide potentially robust total returns and steady income.”
Managed by Ross Dilkes, the Wellington Asia Credit Income Fund seeks long-term total returns, with a secondary focus on regular income. The Fund is actively managed, primarily investing in Asian-domiciled, US dollar-denominated credit instruments.
The investment process focuses on active security selection across Asian credit. The Fund primarily invests in US dollar-denominated fixed income securities, such as investment-grade corporate bonds, complemented by opportunistic exposure across high-yield corporates, and sovereign and quasi-sovereign issuers, spanning a variety of sectors. The investment team will aim to adjust the level of risk attributed to such allocations based on the market environment. Downside risk management is a critical component of their approach, and they aim to mitigate the cyclicality of the credit market through active positioning.
Managed by Naveen Venkataramani, the Wellington Asia Quality Income Fund is actively managed and seeks long-term total returns with a focus on regular income by primarily investing in companies domiciled in or that conduct significant business in the Asia ex-Japan region.
The team believes an investment process oriented around determining the quality of a business, its valuation and its dividends can achieve the dual objective of long-term total returns alongside regular income.
Managed by Andre Desautels, the Wellington Global Equity Income Fund seeks long-term total returns in excess of the MSCI All Country World Index, as well as to provide income in excess of broader equity markets. The Fund is actively managed, investing primarily in large-cap companies worldwide.
The team invests globally, seeking well-managed businesses within durable industry structures trading at attractive free cash-flow-based valuations. Within their research, the team evaluates three key characteristics to determine their view on the attractiveness of a company: ability to pay dividends, willingness to pay dividends and valuation skewness.
More details about the funds and their applicable risks can be found here.
Wellington continues to build a comprehensive UCITS range across equities, fixed income and multi-asset for the retail segment within the wealth channel in Asia. Guided by experienced portfolio managers well versed in catering to the requirements of wealth management clients, the new funds showcase Wellington's extensive proprietary research and skill in recognising investable opportunities.
“With the registration of our third wave of retail fund products in Singapore, we offer yet more high-quality funds that cater to the investment preferences of these investors. We believe investors can benefit from the in-depth and diverse perspectives of Wellington’s proprietary investment research teams, including our ESG research capabilities, leveraging the firm’s long-standing effort that aims to identify high-impact and differentiated investment opportunities. Since our initial launch (dating back to the fourth quarter of 2021), we have built a comprehensive suite of investment products that meet many of the needs of retail investors in Singapore,” added Chisholm.
About Wellington Management
Tracing its history to 1928, Wellington Management is one of the world’s largest independent investment management firms, serving as a trusted adviser to over 2,400 clients in more than 60 markets. The firm manages over US$1 trillion for pensions, endowments and foundations, insurers, family offices, fund sponsors, global wealth managers and other clients (as of 30 September 2023). As a private partnership whose only business is investment management, the firm can align its long-term views and interests with those of its clients. Wellington offers comprehensive investment management capabilities that span nearly all segments of the global capital markets, including equity, fixed income, multi-asset, sustainable investing and alternative strategies. With more than 900 investment professionals located in offices around the world, Wellington pairs deep multidisciplinary research resources with independent investment teams operating in an entrepreneurial “boutique” environment.
The Wellington Management Singapore office was opened in 1996 and has more than 100 experienced professional staff representing a broad range of functions, including investment management and research, global relationship management, product management, and legal and compliance. Its investment professionals manage assets for clients both regionally and globally and conduct research that is used by portfolio managers and analysts across the firm’s locations. In the North Asia region, the firm is a solutions provider for institutional clients, including public entities, corporate pensions, family offices, private banks and mutual fund sponsors. For more information, please visit www.wellington.com.sg.
Belmont Communications on behalf of Wellington Management Singapore Pte Ltd
Holly Huang/Lilian Tong
T:+65 6832 5070
Past results are not necessarily indicative of future results and an investment can lose value. Funds returns are shown net of fees. Source: Wellington Management
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