SG launches actively managed multi-sector guaranteed fund

Claiming to be the first of its kind, the Dynamic Guaranteed Fund will be distributed to policyholders of Singapore''s largest insurance co-op.

SG Asset Management has teamed up with NTUC Income, the insurance arm of the National Trades Union Congress, to launch a multi-sector insurance-linked guaranteed fund which will be made available to more than 900,000 policyholders.

SG will manage the Dynamic Guaranteed Fund by rotating the equity portion of the fund through various global equity sectors, making it the first actively managed fund of its kind in Singapore. The fund has a five-year maturity and offers investors a 100% capital guarantee and a 50% profit lock-in of the highest gains. At maturity, investors will receive their initial capital plus any profits locked-in by the fund or the fund's bid price at maturity, whichever...

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