10 Funds Recognised by MAS for Distribution to Retail Investors
SINGAPORE / HONG KONG, 16 October 2023 - M&G Investments (M&G), the global investment manager, announces it is making a selection of its funds available to retail investors in Singapore for the first time. This expansion of M&G’s investment solutions and distribution capabilities to cater to Singapore’s mass affluent and retail investors, marks a significant milestone for M&G since establishing its maiden Asian subsidiary in Singapore in 2006.
Previously available only to private banking and institutional clientele in Singapore, the local retail market can now access M&G's investment strategies and benefit from the firm’s market insights, investment capabilities, and risk management across the asset classes. This follows the Monetary Authority of Singapore (MAS) recognising 10 of M&G’s Luxembourg-domiciled (UCITS) funds for retail distribution.
Berny Lin, Head of Distribution, Asia ex-Japan at M&G, said, “This initiative enables Singapore's increasingly sophisticated retail investors to access our investment solutions. Our diverse range of strategies are designed to cater to investors saving for the long-term.
“Venturing into the Singapore retail sector, an evolving and vibrant space, reflects our commitment to growing our presence in Asia. This follows recent milestones such as the inauguration a new office in Taiwan and M&G obtaining a SICE license in that market.”
The 10 M&G funds now available to Singapore's retail investors are:
Singaporean retail investors can initially access these funds via distribution partners like Endowus and iFAST. In anticipation of the growing needs of the market, M&G plans to apply for more funds to be recognised by the MAS. Furthermore, as the mass-affluent population in Singapore continues to rise, M&G is poised to augment its distribution channel, offering holistic solutions designed to help investors enhance their wealth in line with their long-term financial aspirations.
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