217 views
Photo by Kaboompics.com from Pexels

Singlife, aberdeen launch new share class of global income bond fund

The fund invests substantially in global multi-sector bonds rated BBB and BB.

Singlife’s integrated investment platform GROW with Singlife (GROW) and aberdeen Investments has launched a new share class of the abrdn SICAV II–Global Income Bond Fund.

Currently exclusive to GROW, the A Gross Inc Hedged SGD offers investors a Yield to Worst of 6.5% (USD hedged) comprising monthly payouts with potential capital appreciation.

The fund invests substantially in global multi-sector bonds rated BBB and BB—appealing to both conservative investors seeking stability and pursuing higher returns.

“With rising life expectancy and increasing cost of living, many investors seek to secure reliable income to support their retirement goals. This fund represents an option for those seeking attractive, stable income solutions with controlled risks,” Tim Wong, head of product at GROW with Singlife, said.

In Singapore, reliable retirement income is becoming increasingly critical as a single senior citizen requires an estimated $685,000 to fund 20 years of retirement, or $2,856 per month, covering basic expenses.
 

Join Singapore Business Review community
Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.