Wellington Management, an asset manager with $1.2trn under management, has introduced its flagship Wellington Global Quality Growth Fund to retail investors in Hong Kong and Singapore.
This is the first time that advised retail investors in these areas can access the approach, which has been offered to institutional and private bank clients for over a decade.
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The fund, with a 13-year track record since its launch in 2011, targets long-term returns above the MSCI All Country World Index. It invests in global equities using an approach that balances growth, valuation, total capital return, and quality.
Managed by equity portfolio manager Steve Angeli, the concentrated portfolio of 60-90 stocks leverages insights from Wellington’s team of analysts and its proprietary Global Cycle Index (GCI), which adapts to evolving economic conditions.
The fund’s launch reflects Wellington’s broader strategy to grow its footprint in Asia, where wealth management is a rapidly expanding business.
Moreover, the firm now offers 14 registered funds in Hong Kong and 13 in Singapore, spanning equities, fixed income, and multi-asset solutions.
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By GlobalDataWith over $34bn in assets under management across its Quality Growth platform, Wellington’s retail-focused offering aligns with its commitment to delivering institutional-grade capabilities to individual investors in the region.
Samuel Hui, managing director, Asia Pacific Global Wealth, Wellington Management stated: “Wealth management is one of the fastest-growing segments of both Wellington’s business globally and in Asia. We are building on growing interest in the strategy over the past decade from institutional and private bank clients – and extending access to retail investors in Hong Kong and Singapore.”
Janet Perumal, head of Asia Pacific & head of investments, APAC, Wellington Management added: “As we approach 2025, we expect steady economic growth and low recession risk to support equities. Earnings growth is expected to broaden across various sectors and dispersion can potentially create a more positive environment. However, as volatility and event risks remain, there is clear demand for high-quality investment solutions to navigate these uncertain times, for which we are well-positioned to provide.”
