The latest news in investment offerings, financial products and other services relative to wealth advisors and their clients.
Dimensional
Singapore-based Dimensional
Fund Advisors has launched three funds under the Central
Provident Fund Investment Scheme structure.
The funds are Global Equity III Fund; Emerging Markets Large Cap
Core Equity III Fund; and Global Core Fixed Income III Fund.
Dimensional worked alongside two wealth management firms in
Singapore to roll out the funds: Providend and Endowus.
Dimensional’s funds will be available through these private
wealth planners, with broader distribution to follow, it said in
a statement late last week.
“Adding Dimensional’s funds to the CPF Investment Scheme is a
game changer for people who want flexible and cost-effective
access to world equity and bond markets,” Joel Teasdel, head of
wealth management group, Asia ex-Japan, Dimensional, said.
Dimensional is based in Austin, Texas. It takes a “systematic
investment process that integrates research insights with
advanced portfolio design, management and trading while balancing
tradeoffs that can impact return.” The firm, which was
founded in 1981, boasts close ties with Nobel laureates on the US
side: Merton Miller, Robert Merton, Myron Scholes, Eugene Fama
and Douglas Diamond.
Bank of Beijing Wealth Management
Bank
of Beijing Wealth Management, aka BOB WM is cooperating with
European asset management giant Amundi over the latter firm’s
ALTO portfolio management platform.
Amundi Technology and BOB WM aim to develop and promote the
Chinese market version of the ALTO solution, aimed at players in
the Chinese asset management industry.
Under the pact, the ALTO system has now been integrated within
the TOS platform of BOB WM.
Amundi aims to tap into China’s wealth and asset management
sectors, including demand for IT capabilities.