SGD share class leverages market expertise of sub-adviser Da Cheng International Asset Management, an award-winning China investment specialist
SINGAPORE, 12 August 2025 – GROW with Singlife (“GROW”), the integrated investment platform under leading homegrown financial services company Singlife, in collaboration with Fullerton Fund Management (“Fullerton”), today launches the Fullerton Lux Funds – China Equities (Class A) SGD (“the Fund”). GROW is the first to launch this SGD share class designed to provide investors with access to China’s dynamic growth market. This marks the third collaboration between GROW and Fullerton, following the successful launches of the Fullerton SGD Cash Fund Class C in 2023 and the Fullerton Lux Funds – Global Absolute Alpha A (SGD) Dist in 2024.
The Fund aims to generate long-term capital appreciation by investing primarily in China A-Shares listed on PRC stock exchanges and stocks listed on the Hong Kong Stock Exchange. Its high-conviction, lower-volatility strategy focuses on identifying quality companies through a bottom-up approach, prioritising individual company fundamentals over market trends. Through this value-driven, benchmark-agnostic philosophy, the Fund provides exposure to sectors such as consumer goods, manufacturing, and communication services.
A key differentiator of the Fund is its sub-adviser, Da Cheng International Asset Management, an award-winning China investment specialist1 with deep expertise and insights in China’s capital markets and regulatory environment. Da Cheng International is the international arm of Da Cheng Fund Management, which is one of the first “old ten” fund companies in China. It is also one of only four equity managers approved by China’s National Council for Social Security Fund, currently managing 16 Social Security Pension Portfolios across Mainland China and overseas. Da Cheng International has earned multiple accolades1, including the prestigious Golden Bull Fund Award and recognition as one of China’s “Top Ten Star Fund Companies”—underscoring its reputation as a trusted name in China’s investment landscape.
Amidst the volatility in the global investment landscape in 2025, China, the world’s second-largest economy, has demonstrated remarkable resilience and innovation.
With a projected GDP growth of 5% in 20251, supported by government policy, China offers a compelling case for long-term investment, attracting investors seeking stability and growth opportunities.
Tim Wong, Head of Product at GROW with Singlife, said, “The China Equities fund in partnership with Fullerton is a compelling proposition to enhance overall portfolio diversification and participate in China’s long-term growth story. It’s a solution that aligns with our strategy of offering investment options that are progressive, innovative and relevant to advisers and their clients. With improving market sentiment, we also see this as an opportune time for investors to capitalise on the growth of one of the world’s most dynamic economies.”
Mark Yuen, Chief Business Development Officer at Fullerton Fund Management, said: “Previous successful collaborations between Fullerton and GROW have demonstrated a shared commitment to deliver innovative and high-performing investment solutions. The Fullerton Lux Fund – China Equities is one such offering, giving investors access to China’s growth story through a high-conviction strategy. 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.”
The initial public offering (IPO) of the Fullerton Lux Funds – China Equities (Class A) SGD has commenced, and will run until Friday, 22 August 2025, at S$10.00 per unit, with a minimum investment amount of just S$200.00. Investors have the option of using cash or Supplementary Retirement Scheme (SRS) to fund the investment. The Fund will be available for trading at the prevailing Net Asset Value (NAV) from Monday, 25 August 2025. The SGD share class of the Fund is currently only available to GROW customers.
GROW officially introduced the Fullerton Lux Funds – China Equities (Class A) SGD at a launch event today at JW Marriott Hotel Singapore South Beach, attended by industry leaders and financial advisers. Investors can contact their Financial Adviser Representatives or visit grow.singlife.com to learn more.
References:
- Da Cheng International – https://www.dcfund.com.hk/en/AboutUs/GloryQualification/
- Da Cheng International – https://www.dcfund.com.hk/en/AboutUs/CompanyProfile/
- Based on projected growth rate indicated by Chinese government