The latest news in investment offerings, financial products and other services relevant to wealth advisors and their clients.

Wellington Management
Wellington Management, part of US-headquartered Wellington Group Holdings, has made its Wellington Global Quality Growth Fund available to retail investors in Hong Kong and Singapore for the first time. 

The move broadens access to the firm’s UCITS range across equities, fixed income, and multi-asset, Wellington said in a statement this week. 

The fund, a concentrated, high-conviction portfolio of typically 60 to 90 stocks, is managed by Steve Angeli. It is actively managed and seeks long-term total returns above the MSCI All Country World Index. The fund, which started its life in May 2011, invests in global equities, with its investment approach emphasising a balance of growth, valuation, total capital return, and quality attributes. 

Angeli, is supported by a team of 55 global industry analysts, 13 macro strategists, and eight ESG analysts. The team uses Wellington's proprietary Global Cycle Index (GCI) to assess the global economic cycle and tailor positioning.

“Wealth management is one of the fastest-growing segments of both Wellington’s business globally and in Asia. We are building on growing interest in the strategy over the past decade from institutional and private bank clients – and extending access to retail investors in Hong Kong and Singapore,” Samuel Hui, managing director, Asia-Pacific global wealth, Wellington Management, said. 

“As we approach 2025, we expect steady economic growth and low recession risk to support equities. Earnings growth is expected to broaden across various sectors and dispersion can potentially create a more positive environment. However, as volatility and event risks remain, there is clear demand for high-quality investment solutions to navigate these uncertain times, for which we are well-positioned to provide,” Janet Perumal, head of Asia-Pacific and head of investments, APAC, Wellington Management, said. 

The registration of the fund takes Wellington’s total number of registered funds available to retail investors to 14 in Hong Kong and 13 in Singapore.