Fullerton merging with NTUC Income

Fullerton Fund Management will manage the insurer’s public-asset portfolio as part of the all-Singaporean deal, say sources familiar with the matter.

Fullerton merging with NTUC Income

Fullerton Fund Management and insurance firm NTUC Income are merging in a deal that is set to strengthen the investment operations of both Singaporean firms, people familiar with the matter told FinanceAsia's sister publication, AsianInvestor

As a result, they noted, Fullerton will take over the management of NTUC Income’s public-market portfolio, which is estimated to account for about 80% of the insurer’s S$29.4 billion $20.1 billion under management.

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