SG feeder fund launched

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SG Asset Management, a subsidiary of SociTtT GTnTrale, is launching a feeder fund in Singapore this week, focusing on Asian companies that are growing through e-commerce.

Mahendran Nathan, senior vice president of SG in Singapore, says that as a feeder fund, the Singapore-based Asian New Economy Fund will be managed through a master fund structure. SG's team of seven fund managers in Singapore will manage the Luxembourg-based master fund, Sogelux Equities - Asian E-business Fund, in which the Asian New Economy Fund will invest.

Targeted at small investors, the CPF-approved, capital growth fund has a one-off sales fee of 5% and a management fee of 1%. The...

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