Wellington launches the first funds focused on retail investors
Wellington Management Co. has launched four investment funds in Singapore, in what the Boston giant has called its first “foray into the retail segment”.
A press release says Wellington has received approval from the Monetary Authority of Singapore to launch two bond funds, Wellington Credit Income Fund and Wellington Global Property Income Fund, as well as two equity funds, Wellington US Quality Growth Fund and the Wellington Next Generation. Global Equity Fund.
Scott Geary, a Hong Kong-based Wellington partner and head of the company’s Asia-Pacific client group, said in an email that Singapore’s announcement is important to Wellington because “we are expanding the access to wealthy individuals and the wealthy masses. retail segment, which are unaccredited investors.
“We have been distributing Wellington UCITS funds in Europe and Asia through private banks for professional and accredited investors since 1994,” Geary noted, adding that the company has forged “strong partnerships with private banks and ‘makeshift middlemen’ in the area along the way.
Over time, “Wellington plans to build a full range of UCITS across equities, fixed income and multi-assets, and will also look to add strategies from its flagship sector, research and offerings. thematic, ”says the press release.
The company manages more than $ 1 trillion for “pensions, endowments and foundations, insurers, family offices, fund sponsors, global wealth managers and other clients,” the statement said. Press.