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6 February 2021
Title Pandemic-proof your retirement portfolio
Moderator Ng Shin Seong

Head, Investment Strategy and Advisory

Standard Chartered Bank Malaysia

Speakers 1. Sam Ye

Vice President, Business Development

Fullerton Fund Management


2. Lee Guo Quan

Portfolio Manager

Fullerton Fund Management

Key Takeaways 1. The Principal Heritage series is a suite of three investment solutions (Principal Heritage Income Fund, Principal Heritage Balanced Fund and Principal Heritage Growth Fund) that cater to different investment needs and risk tolerance level. Since the July 2020 inception, the funds are on track or ahead of plans to meet its respective target income distribution of 4.5%, 3.5% and 1.5% per annum. Aside from fulfilling the regular payout monthly, the funds also achieved different degree of price (net asset value) appreciation, ranging between 3.96%* (for Heritage Income) to 10.84%* (Balanced) and 15.21%* (Growth) since the July 2020 inception.


*Source: Morningstar. Performance in SGD NAV-to-NAV with dividends reinvested as at 4 February 2021.


2. The income and growth are achieved through actively management and timely allocation into Singapore REITS (S-REITs), High Yield Bonds and some Asian Equities, after the pandemic led correction in Q2 2020. With close to USD18 trillion bonds trading in negative yields, the fund manager sees opportunities to extract yield from Asian High Yield Bonds that offers over 6% per annum. Meanwhile, S-REITs have outperformed its peers globally, particularly the REITs with exposure to logistic, industrial and data centre sector.


3. While equity markets have recovered substantially from the lows in 2020, the manager has advised investors to stay vigilant and expect volatility in 2021. Investor should remain invested and add positions during market corrections.


4. Growth is expected to be strong in 2021, underpinned by loose monetary policies and supportive fiscal stimulus. The fund manager sees growth opportunities in Asia and Technology sector and expect EM Asian equities to outperform.


Click here to find out more about the fund

Pandemic proof your retirement