GROW with Singlife has partnered with Fullerton Fund Management to launch the Fullerton Lux Funds – China Equities (Class A) SGD, its first Singapore-dollar share class offering exposure to China’s equity markets.
This is the third collaboration between GROW and Fullerton, following the Fullerton SGD Cash Fund Class C in 2023 and the Fullerton Lux Funds – Global Absolute Alpha A (SGD) Dist in 2024.
The fund targets long-term capital appreciation through investments primarily in China A-shares listed on mainland exchanges and stocks listed on the Hong Kong Stock Exchange. It adopts a high-conviction and lower-volatility approach, focusing on company-specific fundamentals rather than broader market trends.
Key sectors include consumer goods, manufacturing and communication services.
The sub-adviser is Da Cheng International Asset Management, the international arm of Da Cheng Fund Management, one of China’s earliest fund companies. Da Cheng is among four equity managers approved by China’s National Council for Social Security Fund and manages 16 Social Security Pension Portfolios across China and overseas. Its accolades include the Golden Bull Fund Award and recognition among China’s “Top Ten Star Fund Companies”.
The launch comes as China’s economy is projected to grow by 5% in 2025, supported by government policy. Despite global market volatility, China remains the world’s second-largest economy, underpinned by resilient growth and innovation.
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The initial public offering (IPO) for the Fullerton Lux Funds – China Equities (Class A) SGD runs until Aug 22 at $10 per unit, with a minimum investment of $200. Investments can be made in cash or through the Supplementary Retirement Scheme (SRS). The fund will trade at net asset value from Aug 25 and is currently available only to GROW customers.
Tim Wong, head of product at GROW with Singlife, says: “The China Equities fund in partnership with Fullerton is a compelling proposition to enhance overall portfolio diversification and participate in China’s long-term growth story. It’s a solution that aligns with our strategy of offering investment options that are progressive, innovative and relevant to advisers and their clients. With improving market sentiment, we also see this as an opportune time for investors to capitalise on the growth of one of the world’s most dynamic economies.”
Mark Yuen, chief business development officer at Fullerton Fund Management, says: “Previous successful collaborations between Fullerton and GROW have demonstrated a shared commitment to deliver innovative and highperforming investment solutions. The Fullerton Lux Fund – China Equities is one such offering, giving investors access to China’s growth story through a highconviction strategy. Complemented by Da Cheng’s deep understanding of China’s markets, we are confident this fund has the potential to deliver compelling financial outcomes for investors."
