Wellington Management has launched three new investment funds in Singapore, primarily targeting retail investors and high-net-worth individuals (HNWIs), according to a company announcement on Wednesday.
The three new investment funds — dubbed Next Generation Education Fund, US Brand Power Fund and Sustainable Outcomes Fund — focus on capital growth opportunities for the long term and are part of the firm’s efforts to expand its wealth channel. The funds specialise in global thematic, growth, and impact investing respectively.
The funds are to meet high investor demand, the statement said, especially for actively managed equity funds, set to capitalise on long-term investment trends and can act as core portfolio holdings.
One of the world’s largest independent investment management firms, Wellington Management serves over 2,400 clients in over 63 countries and has more than $1.1 trillion in assets under management (AUM) for pensions, endowments and foundations, insurers, family offices, fund sponsors, global wealth managers, and other clients.
Wellington introduced its first batch of retail funds in Singapore last October. The four investment funds, spanning equities and bonds, were also targeted at HNWIs. The funds were divided into income and growth across investments in credit, global property, quality growth, sustainability and more.
Last December, NZ Super Fund, New Zealand’s sovereign wealth fund committed $100 million to Wellington Management’s investment vehicle that focuses on climate change mitigation and adaptation. The investment vehicle—Climate Innovation Fund I—invests in companies in the energy transformation, transportation & mobility, food & agriculture sectors and more.
“We are looking forward to expanding our offering of actively managed funds as core portfolio holdings to meet growing investor demand,” said Scott Geary, Wellington vice chair and head of client group for Asia Pacific in the company statement.