GROW with Singlife partners J.P. Morgan Asset Management to offer global research enhanced index fund on CPF Investment Scheme

GROW with Singlife (“GROW”), the integrated investment platform under leading homegrown financial services company Singlife, today announces the expansion of its offerings to include an exclusive share class of the JPMorgan Global Research Enhanced Index Equity Fund (the Fund), in collaboration with global investment leader J.P. Morgan Asset Management (JPMAM). Available only on the Central Provident Fund (CPF) Investment Scheme, this innovative solution offers Singaporean investors an effective way of investing for long-term retirement goals by combining the benefits of both active and passive investing.

For long-term goals, where investment horizons tend to stretch decades rather than months or years, an allocation towards global equities within the context of a diversified portfolio is crucial. However, a passive approach limits the ability to achieve excess returns above market performance.

Combining active and passive approaches, the Fund is a global equity solution striving to deliver positive alpha while keeping the overall risk profile similar to the underlying benchmark. With a track record of over 20 years, the Fund is part of JPMAM’s global Research Enhanced Index (REI) strategy, which harnesses stock-specific insights with a focus on risk management and cost efficiency.

Leveraging the insights of its team of over 80¹ research analysts worldwide, JPMAM takes many small active positions in the portfolio, overweighting stocks that their analysts find relatively attractive and underweighting names that are less compelling from a bottom-up perspective. The Fund does this while keeping regional, sector, and style exposures as close to the index as possible.

An exclusive share class of the Fund is now available on GROW’s platform and is included under the CPF Investment Scheme (List A category), allowing investors to leverage their CPF savings to meet their retirement goals. In addition, GROW’s clients will see significant cost savings through an attractive management fee (0.38% p.a.) on top of the elimination of additional charges like upfront fees, which translates to higher net returns for investors to achieve their financial objectives.

Tim Wong, Head of Product at GROW with Singlife, said: “At GROW with Singlife, we understand the importance of long-term investing for retirement in Singapore. The JPMorgan Global Research Enhanced Index Equity Fund is a compelling option for investors looking to stretch their CPF savings by investing in a globally diversified equity portfolio, combining the best qualities of active and passive investing.”

Jacklyn Goh, Head of Singapore Intermediaries at J.P. Morgan Asset Management, said: “We are excited to partner with GROW with Singlife to launch the J.P. Morgan Asset Management Global Research Enhanced Index Equity Fund CPF share class. This partnership will give CPF investors unique access to a cost-efficient fund with a demonstrated track record of outperforming the benchmark.”

Investments on the GROW platform start from S$200. Investors can contact their Financial Adviser Representatives or visit grow.singlife.com to learn more.