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Manulife SGD Income Fund​

Regular SGD income from Asian opportunities​1

Asian bonds offer steady yields with strong fundamentals​

Learn more

Capture regional investment opportunities, enjoy income in SGD

Learn more

Fund information​

Learn more

Asian bonds offer steady yields with strong fundamentals​

 

Asian bonds have offered better risk-adjusted returns than most asset classes.​

 

10-year risk return2

10-year risk return

Asia is expected to remain the bright spot of the global economy, with GDP expected to outperform the other regions throughout 2021 to 2023.​

 

GDP Growth rates3

GDP Growth rates

While many developed countries around the world are facing low or even negative yields, Asian countries such as China, Indonesia and India are still able to offer benchmark yields upward of 2%.

 

Nominal and Real 10-Year Government Bond Yields4

Interest rates around the world

Capture regional investment opportunities, enjoy income in SGD

 

SGD-focused, minimising foreign currency exposure

The Fund is invested in both SGD denominated and non-SGD denominated bonds.

Investments in non-SGD denominated bonds are hedged back to SGD.

 

SGD-focused, minimising foreign currency exposure​

The fund is invested in both SGD denominated and non-SGD denominated bonds

Investments in non-SGD denominated bonds hedged back to SGD​

Diversification

 

Diversified with potential for higher yield​

At least 70% of portfolio is invested in investment-grade bonds for stability​

Max. 30% of portfolio is invested in high-yield bonds for better yields​

Adaptable

 

Receive potential regular income1

Potential quarterly payout

Fund information

Share Class Class A-QDis SGD/
Class C-QDis SGD
Class A-QDis USD Hedged/
Class C-QDis USD Hedged
Class A-QDIS SGD DECUMULATION/
Class C-QDIS SGD DECUMULATION
Investment objective​ The Fund aims to provide investors with long-term capital appreciation and/or income in SGD terms through investing primarily in Asian investment grade fixed income or debt securities.
Inception date 18-11-2016 26-01-2017/06-12-2016 To be incepted/24-02-2021
ISIN code SG9999015762/SG9999015796 SG9999015770/SG9999015804 SGXZ68471531/SGXZ20405353
Bloomberg ticker MSIFAQS SP/MSIFCQS SP MSIFAQU SP/MSIFCQU SP MAMSIAS SP/MAMSICS SP
Base currency SGD
Mode of subscription Cash and SRS Cash Cash and SRS
Minimum investment SGD1,000/SGD100,000 USD1,000/USD100,000 SGD1,000/SGD100,000
Distribution frequency1 Declare quarterly distributions on 15th calendar day of March, June, September and December (or the next Business Day if that day is not a Business Day)
Management fee 1%/0.8% p.a 1%/0.8% p.a 1%/0.8% p.a
Initial sales charge Up to 3.0%
Dealing frequency Daily
Investment manager Manulife Investment Management (Singapore) Pte. Ltd.
Fund size SGD 624.41 million (as of 31 March 2021)
  Class A-
QDis SGD
Investment objective​ The Fund aims to provide investors with long-term capital appreciation and/or income in SGD terms through investing primarily in Asian investment grade fixed income or debt securities.​
Base currency​ SGD​
Mode of subscription​ Cash and SRS​
Share class currency​ SGD​
Launch price​​ SGD 1.00 per unit​​
Minimum investment​ S$1,000​
Distribution frequency​ Declare quarterly distributions on 15th calendar day of March, June, September and December  (or the next Business Day if that day is not a Business Day)​
Management fee​ 1% p.a.​
Initial sales charge​ Up to 3.0%​
Initial sales charge​ Up to 3.0%​
Dealing frequency​ Daily​
Investment manager​​ Manulife Investment Management (Singapore) Pte. Ltd.​

Investment objective​: The Fund aims to provide investors with long-term capital appreciation and/or income in SGD terms through investing primarily in Asian investment grade fixed income or debt securities.​

Inception date: 18-11-2016 

ISIN code: SG9999015762/SG9999015796 

Bloomberg ticker: MSIFAQS SP/MSIFCQS SP

Base currency​: SGD​

Mode of subscription​: Cash and SRS​

Minimum investment​: SGD1,000/SGD100,000 ​

Distribution frequency1​: Declare quarterly distributions on 15th calendar day of March, June, September and December  (or the next Business Day if that day is not a Business Day)​

Management fee​: 1%/0.8% p.a.​

Initial sales charge​: Up to 3.0%​

Dealing frequency​: Daily​

Investment manager​: Manulife Investment Management (Singapore) Pte. Ltd.​

Fund size: SGD 624.41 million (as of 31 March 2021)

Investment objective​: The Fund aims to provide investors with long-term capital appreciation and/or income in SGD terms through investing primarily in Asian investment grade fixed income or debt securities.​

Inception date: 26-01-2017/06-12-2016 

ISIN code: SG9999015770/SG9999015804 

Bloomberg ticker: MSIFAQU SP/MSIFCQU SP

Base currency​: SGD​

Mode of subscription​: Cash

Minimum investment​: USD1,000/USD100,000 ​

Distribution frequency1​: Declare quarterly distributions on 15th calendar day of March, June, September and December  (or the next Business Day if that day is not a Business Day)​

Management fee​: 1%/0.8% p.a.​

Initial sales charge​: Up to 3.0%​

Dealing frequency​: Daily​

Investment manager​: Manulife Investment Management (Singapore) Pte. Ltd.​

Fund size: SGD 624.41 million (as of 31 March 2021)

Investment objective​: The Fund aims to provide investors with long-term capital appreciation and/or income in SGD terms through investing primarily in Asian investment grade fixed income or debt securities.​

Inception date: To be incepted/24-02-2021

ISIN code: SGXZ68471531/SGXZ20405353

Bloomberg ticker: MAMSIAS SP/MAMSICS SP

Base currency​: SGD​

Mode of subscription​: Cash and SRS

Minimum investment​: SGD1,000/SGD100,000​

Distribution frequency​1: Declare quarterly distributions on 15th calendar day of March, June, September and December  (or the next Business Day if that day is not a Business Day)​

Management fee​: 1%/0.8% p.a.​

Initial sales charge​: Up to 3.0%​

Dealing frequency​: Daily​

Investment manager​: Manulife Investment Management (Singapore) Pte. Ltd.​

Fund size: SGD 624.41 million (as of 31 March 2021)

Investment objective​: The Fund aims to provide investors with long-term capital appreciation and/or income in SGD terms through investing primarily in Asian investment grade fixed income or debt securities.​

Base currency​: SGD​

Mode of subscription​: Cash

Share class currency​: USD

Launch price​: USD 1.00 per unit​

Minimum investment​: USD100,000​

Distribution frequency1​: Declare quarterly distributions on 15th calendar day of March, June, September and December  (or the next Business Day if that day is not a Business Day)​

Management fee​: 0.8% p.a.​

Initial sales charge​: Up to 3.0%​

Dealing frequency​: Daily​

Investment manager​: Manulife Investment Management (Singapore) Pte. Ltd.​

 

Portfolio managers

Murray Collis

 

Murray Collis​, Deputy Chief Investment Officer, Fixed Income, Asia (ex. Japan) and ​Head of Fixed Income, Singapore

Murray is Head of Fixed Income, Singapore and Deputy Chief Investment Officer, Fixed Income, Asia (ex-Japan). Based in Singapore, Murray leads the firm’s local fixed income teams in the Philippines, Malaysia, Vietnam, Indonesia, Taiwan, and Singapore. His responsibilities include leading all of the Singapore-based fixed income strategies, including the Sustainable Asia Bond strategy and oversee a local team of portfolio managers and credit analysts. He also contributes to the pan-Asian fixed income team in the management of pan-Asian strategies such as the Asian Total Return and Asian Bond Absolute Return strategies. Murray has 24 years of industry experience, 20 of which in portfolio management in markets including London, Hong Kong and Singapore. Before joining Manulife Investment Management, Murray was Head of Asian Fixed Income for Standish Mellon Asset Management, based in Singapore. Prior to that, Murray spent 16 years with First State Investments covering currencies, global bonds and credit. ​

Murray Collis​, Deputy Chief Investment Officer, Fixed Income, Asia (ex. Japan) and ​Head of Fixed Income, Singapore

Murray is Head of Fixed Income, Singapore and Deputy Chief Investment Officer, Fixed Income, Asia (ex-Japan). Based in Singapore, Murray leads the firm’s local fixed income teams in the Philippines, Malaysia, Vietnam, Indonesia, Taiwan, and Singapore. His responsibilities include leading all of the Singapore-based fixed income strategies, including the Sustainable Asia Bond strategy and oversee a local team of portfolio managers and credit analysts. He also contributes to the pan-Asian fixed income team in the management of pan-Asian strategies such as the Asian Total Return and Asian Bond Absolute Return strategies. Murray has 24 years of industry experience, 20 of which in portfolio management in markets including London, Hong Kong and Singapore. Before joining Manulife Investment Management, Murray was Head of Asian Fixed Income for Standish Mellon Asset Management, based in Singapore. Prior to that, Murray spent 16 years with First State Investments covering currencies, global bonds and credit. ​

Alvin Ong

 

Alvin Ong​, Director, Fixed Income – Portfolio Manager, Singapore Bonds​

Based in Singapore, Alvin is Director and Portfolio Manager responsible for managing Singapore-based fixed income assets, including the Sustainable Asia Bond strategy. Before joining Manulife Investment Management, Alvin was from AXA Investment Managers (Hong Kong), where he was Portfolio Manager for Singapore dollar, Japanese yen and Hong Kong dollar fixed income portfolios. He began his career with the Monetary Authority of Singapore, where he managed global credit as well as Japanese yen fixed income portfolios. He was also ranked as one of the most astute investors in Singapore Bonds by The Asset Benchmark Research for three consecutive years since 2018.

Alvin Ong​, Director, Fixed Income – Portfolio Manager, Singapore Bonds​

Alvin is Director, Portfolio Manager responsible for managing Singapore-based fixed income assets. He has over 12 years of industry experience. Prior to joining Manulife Investment Management, Alvin was from AXA Investment Managers (Hong Kong), where he was Portfolio Manager for Singapore dollar, Japanese yen and Hong Kong dollar fixed income portfolios. He began his career with the Monetary Authority of Singapore, where he managed global credit as well as Japanese yen fixed income portfolios.  He was also ranked as one of the most astute investors in Singapore Bonds by The Asset Benchmark Research for 2018 and 2019.​

Notes:

1. The intention of the Manager to make the quarterly distribution and the distribution yield for the Fund is not guaranteed, and the Manager may in future review the distribution policy depending on prevailing market conditions.

2.Bloomberg, 31 December 2020. In US dollar terms for the period 31 December 2010 to 31 December 2020 unless otherwise noted. Asian bonds (ex-Japan) is represented by 50% Markit iBoxx ALBI + 50% JPMorgan Asia Credit Index; Asian High Yield is represented by JPMorgan Asian Credit Non-Investment Grade Index; Asian equities (ex-Japan) is represented by MSCI AC Asia Pacific ex Japan Index; EM Debt is represented by 50% JPMorgan GBI-EM Broad Index + 50% JPMorgan CEMBI Index; EM Equities is represented by MSCI Emerging Market Equity Index; Euro government bonds is represented by BofA Merrill Lynch Euro Government Index; Global aggregate bonds is represented by Bloomberg Barclays Global-Aggregate Total Return Index; Global corporate bonds is represented by BofA Merrill Lynch Global Corporate Index; Global equities is represented by MSCI World Index; Global high yield is represented by BofA Merrill Lynch Global High Yield Index; Money markets (cash) is represented by BofA Merrill Lynch US Dollar 3-Month Deposit Offered Rate Average Index; Real estate is represented by Dow Jones Composite REIT Total Return Index; US equities is represented by S&P 500 Index; US Treasuries is represented by BofA Merrill Lynch US Treasury Index. Risk is measured in terms of standard deviation. 

3. Bloomberg, Economic Survey, 31 March 2021. *The information in this slide may contain projections or other forward-looking statements regarding future events, targets, management discipline or other expectations, and is only as current as of the date indicated. There is no assurance that such events will occur, and may be significantly different than that shown here. 

4.  Manulife Investment Management, Bloomberg. Sovereign ratings based on the median rating between S&P, Moody’s and Fitch, as of 31 March 2021.

Important Information

Manager of the Fund: Manulife Investment Management (Singapore) Pte. Ltd. (“Manulife”) (Company Registration Number: 200709952G). The information provided herein does not constitute financial advice, an offer or recommendation with respect to the Fund. Opinions, forecasts and estimates on the economy, financial markets or economic trends of the markets mentioned herein are not necessarily indicative of the future or likely performance of the Fund. The Fund may use financial derivative instruments for efficient portfolio management and/or hedging.

Investments in the Fund are not deposits in, guaranteed or insured by the Manager and involve risks. Past performance of the manager or sub-manager is not necessarily indicative of its future performance. The value of units in the Fund and any income accruing to them may fall or rise. Past performance of the Fund is not necessarily indicative of future performance. Investors should read the prospectus, and seek advice from a financial adviser before deciding whether to purchase units in the Fund. A copy of the prospectus and the product highlights sheet can be obtained from Manulife or its distributors. In the event an investor chooses not to seek advice from a financial adviser, he should consider whether the Fund is suitable for him.

Distributions are not guaranteed. Investors should refer to the prospectus for the distribution policy of the Fund. The Manager shall have the absolute discretion to determine whether a distribution is to be made in respect of the Fund as well as the rate and frequency of distributions to be made. Distributions may be made out of (a) income, or (b) net capital gains, or (c) capital of the Fund, or (d) any combination of  (a), (b) and/or (c). Past distribution yields and payments are not necessarily indicative of future distribution yields and payments. Any payment of distributions by the Fund is expected to result in an immediate decrease in the net asset value per unit of the Fund.

This advertisement or publication has not been reviewed by the Monetary Authority of Singapore.

1. Asian Investment Grade Corporate Bonds = JPMorgan Asian Credit Investment Grade Corporate Index; Asian High Yield Corporate Bonds = JPMorgan Asian Credit Non-Investment Grade Corporate Index; Emerging Market Debt (local) = JPMorgan GBI-EM Broad Index; Euro Government Bonds = BofA Merrill Lynch Euro Government Index; US Treasuries = BofA Merrill Lynch US Treasury Index; Global Aggregate Bonds = Bloomberg Barclays Global-Aggregate Total Return Index; Global Corporate Bonds = BofA Merrill Lynch Global Corporate Index; Global High Yield = BofA Merrill Lynch Global High Yield Index; Global Equities = MSCI World Index; US Equities = S&P 500 Index; Asian Equities (ex-Japan) = MSCI AC Asia Pacific excluding Japan Index; Real Estate = Dow Jones Composite REIT Total Return Index; Money Markets (cash) = BofA Merrill Lynch US Dollar 3-Month Deposit Offered Rate Average Index. Past performance is not indicative of future results.

2. Bloomberg, as of 30 April 2020. Among the eight major Asian currencies (Singapore dollar, Chinese renminbi, Indonesian rupiah, Indian rupee, South Korean won, Malaysian ringgit, Thai Baht, and Philippine peso), Singapore dollar has the second-lowest volatility (standard deviation) at 5.58% p.a. against US dollar over 20 years to April 2020.

3. Bloomberg, as of 30 April 2020. Among the eight major Asian currencies (Singapore dollar, Chinese renminbi, Indonesian rupiah, Indian rupee, South Korean won, Malaysian ringgit, Thai Baht, and Philippine peso), Singapore dollar was ranked second during the Global Financial Crisis (March 2008–March 2009) and fourth during the market sell-off due to COVID-19 (March 2020), with returns against US dollar of -10.6% and -2.07% respectively. Past performance is not an indication of future results.

4. Moody’s Investors service, S&P, and Fitch, as of 8 May 2020.