Hong Kong and Singapore, 16 December 2024 – Wellington Management, one of the world's largest independent asset managers with US$1.2 trillion assets under management, today announced that the Wellington Global Quality Growth Fund is now available to retail investors in Hong Kong and Singapore for the first time. Providing this flagship strategy in a vehicle designed for the advised retail channel in Hong Kong and Singapore will broaden access to the firm’s comprehensive UCITS range across equities, fixed income, and multi-asset.
The Wellington Global Quality Growth Fund is actively managed and seeks long-term total returns in excess of the MSCI All Country World Index. With a 13-year track record (the Fund was incepted in May 2011, whereas the inception date of the A shareclasses is 9 December 2024), the Fund invests in global equities, and its investment approach emphasises a balance of growth, valuation, total capital return, and quality attributes. The investment team continuously monitors and ranks companies according to these attributes, applying Wellington’s proprietary Global Cycle Index – a macroeconomic overlay aimed at helping the team understand where they are in the economic cycle, and allowing them to remain flexible across a multitude of market environments. Established in 2011, the Quality Growth platform manages over US$34 billion in assets as of end November 2024, including UCITS vehicles, segregated mandates and sub-advisory portfolios, for hundreds of clients across all regions and channels globally.
“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,” said Samuel Hui, Managing Director, Asia Pacific Global Wealth, Wellington Management.
The registration of the Wellington Global Quality Growth Fund brings the total number of registered funds available to retail investors to 14 in Hong Kong and 13 in Singapore. “The addition of Wellington Global Quality Growth Fund demonstrates our commitment to clients in further extending the firm’s institutional investment capabilities and range of solutions to retail investors in the region that meet their desired outcomes,” added Hui.
A concentrated, high-conviction portfolio of typically 60-90 stocks, the fund is managed by Steve Angeli, Equity Portfolio Manager, who is supported by a global team. They leverage Wellington's extensive resources, including 55 global industry analysts, 13 macro strategists, and eight ESG analysts. The team uses Wellington's proprietary Global Cycle Index (GCI) to assess the global economic cycle and tailor positioning. Amid a new economic regime of greater economic and market volatility, the portfolio management team can pivot towards factors that they believe would suit the prevailing economic backdrop, potentially driving greater upside capture, while mitigating downside risks during downturns.
“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,” said Janet Perumal, Head of Asia Pacific & Head of Investments, APAC, Wellington Management.
About Wellington Management
Wellington Management is one of the world’s largest independent investment management firms, serving as a trusted adviser to over 2,500 clients in more than 60 countries. The firm manages more than US$1.2 trillion (as of September 30, 2024) for pensions, endowments and foundations, insurers, family offices, fund sponsors, global wealth managers, and other clients. Wellington aspires to provide excellent service to clients through a unique combination of independence enabled by its distinctive private partnership model, diverse perspectives through its unified, multi-asset investment platform, and relentless curiosity and intellectual rigor fostered by its enduring collaborative culture.
For more information on Wellington Management, please visit www.wellington.com
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For press queries, please contact:
Stacey Willoughby | Wellington
swilloughby@wellington.com / +44 7504 986 242
Belmont Communications
Holly Huang / Adrian Bebbington-Wong
wmc.asia@belmontcomms.co / +65 6832 5070 / +852 2824 8418
