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|
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