The collaboration demonstrates Navigator's commitment to continuously improve its product suite, to better serve investors on their wealth journey. It reflects Navigator's continued mission to empower its advisers to deliver holistic wealth advisory to investors. This partnership is also a natural extension of the existing relationship with Singlife, who are clients of Fullerton's cash management strategies.
Akhil Doegar, Chief Executive Officer, Navigator, said: "Fullerton Fund Management stands out as an ideal partner for Navigator due to its reputation and proven track record. With an experienced team of investment professionals to identify investment trends and opportunities, Fullerton has consistently delivered results making them a trusted partner for our clients' investment needs."
To mark this new partnership, Navigator and Fullerton are launching the Fullerton SGD Cash Fund Class C , which seeks to pay dividends every two months to investors, an exclusive feature for Navigator's advisers and clients.
The Fullerton SGD Cash Fund is one of the largest cash funds in Singapore with total assets under management of SGD2.6 billion as at end May 2023. Its investment quality, short maturity and active cash flow management has made it a popular choice for managing liquidity among a wide range of retail, intermediary and institutional investors. The fund's strong track record since inception[1] , combined with the new distribution feature for Class C, enhances its attractiveness as a cash management solution.
Jenny Sofian, Chief Executive Officer, Fullerton Fund Management , said: "We are delighted to partner with Navigator, an established investment platform with one of the largest adviser networks in Singapore. This collaboration enables us to deliver significant value to investors through a seamless integration with Navigator's comprehensive services, creating a transformative impact in the market."
Fullerton SGD Cash Fund Class C commenced its initial public offering on 20 June, after which Navigator's advisers and clients have been able to place their orders. The official launch date for the fund is scheduled for 5 July.Hashtag: #Navigator
The issuer is solely responsible for the content of this announcement.
About Navigator Investment Services Ltd
Navigator Investment Services Ltd is a financial services company of the Singlife Group. Navigator enables financial advisers to deliver meaningful advice with insights and content, manage portfolios seamlessly and access a robust range of financial products to better serve their end customers across a holistic wealth journey. Navigator seeks to work hand-in-hand with financial advisers to play a meaningful role in people's lives and allow them to be better positioned for the wealth opportunities of tomorrow.
About Singlife
Singlife is a leading homegrown financial services company offering consumers a better way to financial freedom. Through innovative, technology-enabled solutions and a wide range of products and services, Singlife provides consumers control over their financial wellbeing at every stage of their lives.
In addition to a comprehensive suite of insurance plans, employee benefits, partnerships with financial adviser channels and bancassurance, Singlife offers investment and advisory solutions through its Navigator platform. It also offers the Singlife Account, a mobile-first insurance savings plan.
Singlife is the exclusive insurance provider for the Ministry of Defence, Ministry of Home Affairs and Public Officers Group Insurance Scheme. Singlife is also an official signatory of the United Nations Principles for Sustainable Insurance, affirming its commitment to finding a better way to sustainability.
First announced in September 2020 and valued at S$3.2 billion, the merger of Aviva Singapore and Singlife was the largest insurance deal in Singapore then and created one of the largest homegrown financial services companies in the republic.
About Fullerton Fund Management
Fullerton Fund Management Company Ltd ("Fullerton") is an active investment specialist, focused on optimising investment outcomes and enhancing investor experience.
We help clients, including government entities, sovereign wealth funds, pension plans, insurance companies, private wealth and retail, from the region and beyond, to achieve their investment objectives through our suite of solutions. Our expertise encompasses equities, fixed income, multi-asset, alternatives and treasury management, across public and private markets.
As an active manager, we place strong emphasis on performance, risk management and investment insights. Incorporated in 2003, Fullerton is headquartered in Singapore, and has associated offices in Shanghai, London, and Brunei. Fullerton is part of a multi-asset management group, Seviora, a holding company established by Temasek. Income Insurance, a leading Singapore insurer, is a minority shareholder of Fullerton.