TEN Luxembourg-domiciled M&G Investments funds have been made available on the local retail market, following their recognition by the Monetary Authority of Singapore (MAS) for retail distribution.

Four of the funds available to Singapore retail investors are equity funds: M&G (Lux) Global Dividend Fund, M&G (Lux) Global Maxima Fund, M&G (Lux) North American Dividend Fund and M&G (Lux) Positive Impact Fund.

Another three fixed-income funds comprise M&G (Lux) Emerging Markets Bond Fund, M&G (Lux) Global Floating Rate High Yield Fund and M&G (Lux) Optimal Income Fund.

The remaining three are multi-asset funds: M&G (Lux) Episode Macro Fund, M&G (Lux) Income Allocation Fund and M&G (Lux) Sustainable Allocation Fund.

Singapore investors may initially access these 10 funds via M&G Investments’ distribution partners, such as iFast and Endowus, said the investment house on Monday (Oct 16).

The funds were previously available only to private banking and certain institutional clients in Singapore. M&G Investments said it intends to apply for more of its funds to be recognised by MAS.

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“This initiative enables Singapore’s increasingly sophisticated retail investors to access our investment solutions,” said Berny Lin, M&G’s head of distribution for Asia ex-Japan.

“Venturing into the Singapore retail sector, an evolving and vibrant space, reflects our commitment to growing our presence in Asia.”

The investment house believes it is poised to augment its distribution channel “as the mass-affluent population in Singapore continues to rise”.

M&G Investments is part of British insurer and asset manager M&G, an entity formed in 2017 from the merger between Prudential’s UK and Europe savings and insurance operations as well as M&G, Prudential’s then wholly-owned investment manager.

The British insurer and asset manager is listed on the London Stock Exchange, and has £333.8 billion (S$555.8 billion) of assets under management and administration as at end-June 2023.