GROW with Singlife and Fullerton Launch China Equities Fund Amid Resilient Market Outlook

SINGAPORE, August 12, 2025 – GROW with Singlife, the integrated investment platform of Singapore-based financial services group Singlife, has teamed up with Fullerton Fund Management to launch the Fullerton Lux Funds – China Equities (Class A) SGD, targeting investors seeking exposure to China’s long-term growth and innovation.

The launch marks the third collaboration between GROW and Fullerton, following earlier introductions of the Fullerton SGD Cash Fund Class C in 2023 and the Fullerton Lux Funds – Global Absolute Alpha A (SGD) Dist in 2024. The new fund, available exclusively to GROW customers in its SGD share class, will be sub-advised by Da Cheng International Asset Management, an award-winning China investment specialist with a strong track record in managing equity portfolios for China’s National Council for Social Security Fund.

Aiming for long-term capital appreciation, the fund will invest primarily in China A-shares listed on domestic exchanges and in stocks on the Hong Kong Stock Exchange. Its high-conviction, benchmark-agnostic strategy focuses on sectors such as consumer goods, manufacturing, and communication services, using a bottom-up approach that emphasises company fundamentals over market momentum.

The launch comes as China’s economy is projected to grow by 5% in 2025, underpinned by government support and policy stability. Despite global market volatility, the world’s second-largest economy has demonstrated resilience, attracting investors seeking diversification and sustainable returns.

Tim Wong, Head of Product at GROW with Singlife, said the fund was “a compelling proposition to enhance overall portfolio diversification and participate in China’s long-term growth story,” adding that improving market sentiment made this “an opportune time” for investors.

Mark Yuen, Chief Business Development Officer at Fullerton, noted that previous partnerships with GROW had produced innovative and high-performing products. “Complemented by Da Cheng’s deep understanding of China’s markets, we are confident this fund has the potential to deliver compelling financial outcomes for investors,” he said.

The fund’s initial public offering, priced at S$10 per unit with a minimum investment of S$200, will run until 22 August 2025, with units available via cash or Supplementary Retirement Scheme contributions. Trading at prevailing net asset value will commence on 25 August 2025.