Singlife, JP Morgan Asset partner for enhanced index fund

Singlife, JP Morgan Asset partner for enhanced index fund | Insurance Business Asia

Professionals Risks

Singlife, JP Morgan Asset partner for enhanced index fund

The partnership will expand GROW with Singlife product offerings

Professionals Risks

By
Noel Sales Barcelona

GROW with Singlife has announced a partnership with JP Morgan Asset Management (JPMAM), as part of Singlife’s product offerings, which will include an exclusive share class of the JPMorgan Global Research Enhanced Index Equity Fund.

GROW said that the product will only be available on the Central Provident Fund (CPF) Investment Scheme, and will allow Singaporean investors to have an effective way of investing for long-term retirement goals by combining the benefits of both active and passive investing.

The company said that for long-term goals, where investment horizons tend to stretch decades rather than months or years, an allocation towards global equities within the context of a diversified portfolio is critical. A passive approach, on the other hand, limits the ability to achieve excess returns above market performance, said GROW.

GROW and JPMAM are confident about the fund that it will “deliver positive alpha” while keeping the overall risk profile similar to the underlying benchmark.” Existing for over 20 years, the Fund is part of JPMAM’s global research enhanced index (REI) strategy, which harnesses stock-specific insights with a focus on risk management and cost efficiency.

“At GROW with Singlife, we understand the importance of long-term investing for retirement in Singapore. The JPMorgan Global Research Enhanced Index Equity Fund is a compelling option for investors looking to stretch their CPF savings by investing in a globally diversified equity portfolio, combining the best qualities of active and passive investing,” says GROW with Singlife head of product Tim Wong (pictured, left).

JPMAM Singapore’s head of intermediaries, Jacklyn Goh (pictured, right), expressed her enthusiasm about the partnership with GROW.

“We are excited to partner with GROW with Singlife to launch the J.P. Morgan Asset Management Global Research Enhanced Index Equity Fund CPF share class. This partnership will give CPF investors unique access to a cost-efficient fund with a demonstrated track record of outperforming the benchmark,” Goh said.

The fund is now on GROW’s platform and is included under the CPF Investment Scheme (List A category), which allows investors to leverage their CPF savings to meet their retirement goals. GROW said that its clients will see significant cost savings through an attractive management fee (0.38% p.a.) on top of the elimination of additional charges like upfront fees, which translates to higher net returns for investors to achieve their financial objectives.