Eastspring Investments Unit Trusts - Pan European Fund

SGD 1.409
NAV as of 28 Sep 2020
Daily $ Change
1.99 %
Daily % Change

Morningstar rating* 31 Aug 2020:

star star star star star

Fund objective

This Fund aims to maximise long-term total return by investing in equity and equity-related securities of companies, which are incorporated, or have their area of primary activity, in Europe (including the United Kingdom). The Fund may also invest in depository receipts, including American Depository Receipts (ADRs) and Global Depository Receipts (GDRs),  debt securities convertible into common shares, preference shares and warrants. The Manager intends to achieve this investment objective by investing all or substantially all of the assets of the Fund into the Luxembourg-domiciled Eastspring Investments - Pan European Fund which shares the same investment objective. 

Fund facts

Asset class Equity
Class N.A
Subscription method Cash,SRS,CPFIS - OA#
ISIN code SG9999002786
Bloomberg ticker PRUSEBC SP
Minimum initial investment SGD 1,000+
Minimum subsequent investment SGD 100
Inception date 04 May 2001
Base currency SGD
Initial sales charge Cash - Max 5%; CPF - Max 1.5%^^
Annual management fees 1.5%^
Benchmark index MSCI Europe Index
Morningstar rating *
31 Aug 2020

Footnote : + Subject to distributor’s terms and conditions.^ Fees includes management fee charged by the investment manager of Luxembourg-domiciled Eastspring Investments - Pan European Fund.^^ The sales charge in respect of subscriptions made using CPF monies is currently 1.5%, which will be reduced to 0% from 1 October 2020 in line with the Singapore Government’s announcement in March 2019.
* Rating should not be taken as a recommendation. © 2016 Morningstar. All rights reserved.

#Higher Risk – Narrowly Focused – Regional – Europe.

The CPF interest rate for the Ordinary Account (OA) is based on the weightage of 80% of the average 12-month fixed deposit and 20% of the average savings rates published by the major local banks. Under the CPF Act, Chapter 36 of Singapore, the CPF Board pays a minimum interest of 2.5% per annum when this interest formula yields a lower rate. Savings in the Special and Medisave Accounts (SMA) are invested in Special Singapore Government Securities (SSGS) which earn an interest rate pegged to either the 12-month average yield of 10-year Singapore Government Securities (10YSGS) plus 1%, or 4% whichever is higher, adjusted quarterly. New Retirement Account (RA) savings are invested in SSGS which earns a fixed coupon equal to either the 12-month average yield of the 10YSGS plus 1% at the point of issuance, or 4%, whichever is higher. The interest credited to the RA is based on the weighted average interest rate of the entire portfolio of these SSGS invested using new and existing RA savings and is computed yearly in January. As announced in September 2019, the Singapore Government will maintain the 4.0% per annum minimum rate for interest earned on all SMA and RA monies until 31 December 2020. Thereafter, interest rates on all CPF account monies will be subject to a minimum rate of 2.5% p.a. (unless the Singapore Government extends the 4% floor rate for interest earned on all SMA and RA monies). The first S$60,000 of a CPF member’s combined CPF accounts earns an extra 1% interest. To enable CPF members to earn extra interest, only monies in excess of S$20,000 in a CPF member’s OA and S$40,000 in a CPF member’s Special Account can be invested. In addition, CPF members aged 55 and above will also earn an additional 1% extra interest on the first S$30,000 of their combined CPF balances (with up to S$20,000 from the OA). You should note that the applicable interest rates for each of the CPF accounts may be varied by the CPF Board from time to time. Subscriptions using CPF monies shall at all times be subject to (amongst other things) regulations and such directions or requirements imposed by the CPF Board from time to time. Please visit the CPF Board Website for further information on CPF interest rates.

This document is solely for information and may not be published, circulated, reproduced or distributed in whole or part to any other person without the prior written consent of Eastspring Investments (Singapore) Limited (“Eastspring Singapore”) (Company Reg No. 199407631H). This advertisement has not been reviewed by the Monetary Authority of Singapore. This document is not an offer, solicitation of an offer, or a recommendation to transact in the investment units in the Fund(s). The information contained herein does not have any regards to the specific investment objectives, financial situation or particular needs of any person. A prospectus in relation to the Fund(s) is available and a copy of the prospectus may be obtained from Eastspring Singapore and its distribution partners. Investors should read the prospectus and seek professional advice before making any investment decision. In the event that investor chooses not to seek advice, he should consider carefully whether the Fund in question is suitable for him. The value of units in the Fund(s) and the income accruing to the units, if any, may fall or rise. Past performance of the Fund(s)/manager is not necessarily indicative of the future performance. Any prediction, projection or forecast on the economy, securities markets or the economic trends of the markets targeted by the Fund(s) is not necessarily indicative of the future performance of the Fund(s). An investment in the Fund(s) is subject to investment risks, including the possible loss of the principal amount invested. Whilst Eastspring Singapore has taken all reasonable care to ensure that the information contained in this document is not untrue or misleading at the time of publication, Eastspring Singapore cannot guarantee its accuracy or completeness. Any opinion or estimate contained in this document is subject to change without notice. The Fund(s)/ underlying Fund(s) may use derivative instruments for efficient portfolio management and/or hedging purposes. Distributions are not guaranteed and may fluctuate. Past distributions are not necessarily indicative of future trends, which may be lower. Distribution payouts and its frequency are determined by the Manager, Eastspring Singapore, and can be made out of (a) income; or (b) net capital gains; or (c) capital of the Fund or a combination of (a) and/or (b) and/or (c). The payment of distributions should not be confused with the Fund’s performance, rate of return or yield. Any payment of distributions by the Fund may result in an immediate decrease in the net asset value per unit.

The preceding paragraph is only applicable if the Fund intends to pay dividends / distributions. Eastspring Singapore is an ultimately wholly-owned subsidiary of Prudential plc of the United Kingdom. Eastspring Singapore and Prudential plc are not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America or with the Prudential Assurance Company, a subsidiary of M&G plc, a company incorporated in the United Kingdom.