Five new funds launched by MFC Global Investment Management
MFC Global Investment Management has announced the launch of five new funds in order to develop its business in South East Asia. The fund range includes local money market, bond, balanced and equity funds and a greater China equity fund and is open to institutional investors and can also be accessed by retail investors via Manulife Singapore’s unit trust service.
The five funds being launched in Singapore are: Manulife Singapore Equity Fund, Manulife Singapore Balanced Fund, Manulife Singapore Bond Fund, Manulife Singapore Money Market Fund, and Manulife Greater China Opportunities Fund.
Manulife Greater China Opportunities Fund is managed by Matthew Lee and Terrace Chum in Hong Kong and aims to invest primarily in companies listed in Hong Kong, China and Taiwan.
Manulife Singapore Equity Fund is managed by Amy Low in Singapore and seeks to achieve capital appreciation in the medium to long term by investing primarily in a diversified portfolio of Singapore equity and equity-related securities.
Manulife Singapore Balanced Fund is managed by Ms Low and Akira Okada in Singapore and aims to maximize total return in the medium to long term by investing in a portfolio comprising equities and fixed income instruments.
Manulife Singapore Bond Fund is managed by Mr Okada in Singapore and aims to provide investors with stable medium- to long-term returns with capital preservation, through investing in primarily investment-grade Singapore dollar-denominated fixed income and money markets instruments.
Manulife Singapore Money Market Fund is managed by Mr Okada in Singapore and aims to manage liquidity, preserve principal capital and provide a return comparable to that of Singapore dollar short-term deposits, by investing primarily in short-term money market instruments and debt securities.
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