Launch of Global Income Fund from NTUC Income

NTUC Income has just launched a new fund, Glob­al Income Fund that intends to dis­trib­ute monthly dividend pay­out of 4–5% per annum.

The Glob­al Income Fund aims to provide income and cap­it­al growth over the medi­um to longer term by invest­ing primar­ily in glob­al equit­ies and glob­al fixed income secur­it­ies dir­ectly or indir­ectly through the use of Invest­ment Funds or fin­an­cial deriv­at­ive instru­ments (includ­ing, but not lim­ited to, futures, options and cred­it default swaps). The under­ly­ing Fund is act­ively man­aged between asset classes, allow­ing it to achieve the object­ive of achiev­ing yield and max­im­iz­ing total returns dur­ing all phases of the eco­nom­ic cycle.

The sub-fund aims to provide a sus­tain­able level of income. It invests in a broad range of assets from around the world, and seeks to identi­fy attract­ive sources of income whilst diver­si­fy­ing risk. The sub-fund intends to achieve this object­ive by invest­ing all or sub­stan­tially all of its assets in Sch­roder Inter­na­tion­al Selec­tion Fund Glob­al Multi-Asset Income which is man­aged by Sch­roder Invest­ment Man­age­ment Lim­ited.

More import­antly, NTUC Income will guar­an­tee 105% of the invest­ment amount or cash value, whichever is high­er, in the event of untimely death or Total Per­man­ent Dis­ab­il­ity (TPD) before age 65. After age 65, it is 100% of the invest­ment amount or cash value, whichever is high­er, in the event of untimely death.  This is on top of the monthly with­draw­al of the dividends over the years.

The Cur­rent Pro­mo­tion offers a 10% bonus on the net amount of the new dis­tri­bu­tion declared for Glob­al Income Fund and will be giv­en each month, up to 22 Septem­ber 2015. This bonus is only pay­able once for each dis­tri­bu­tion arising from net new invest­ments and top-ups. It is not applic­able to monthly dis­tri­bu­tion arising from switches into this fund. The declar­a­tion of the dividend rate will be announced on the fourth Tues­day of the month, start­ing from 28 April 2015. NTUC Income will pay or re-invest the dis­tri­bu­tion with­in 45 days from the declar­a­tion date.

The min­im­um single premi­um to invest is $10,000.

For example, if Mr Lee invests in Glob­al Income Fund and gets a monthly dis­tri­bu­tion of $500 per month. The 10% bonus pay­able for each dis­tri­bu­tion is $50 dur­ing this pro­mo­tion peri­od as shown below:

Declar­a­tion Date in 2015 28 April 26 May 23 June 28 July 25 August 22 Septem­ber
Monthly Dis­tri­bu­tion $500 $500 $500 $500 $500 $500
10% Bonus $50 $50 $50 $50 $50 $50

The extra bonus pay­able based on the above example is $300.

Sub­scrip­tion Meth­od: Cash/SRS

Glob­al Income Fund Factsheet is here at http://www.income.com.sg/fund/pdf/2015/globalincome(jan).pdf

Glob­al Income Fund Product High­light Sheet is here at http://www.income.com.sg/fund/phs/2014/globalincome(jun).pdf