Eastspring Investments Unit Trusts - Asian Balanced Fund

SGD 2.522
NAV as of 15 Apr 2021
Daily $ Change
0.08 %
Daily % Change

Morningstar rating* 31 Mar 2021:

star star star star star

Fund objective

This Fund aims to maximise total return in the medium to long term by investing in a portfolio comprising of equities of companies in the Asian ex-Japan region, and quality corporate bonds and other fixed income securities issued in the United States market.

Fund facts

Asset class Multi asset
Class N.A
Subscription method Cash,SRS,CPFIS - OA,CPFIS - SA#
ISIN code SG9999002810
Bloomberg ticker PRUABAL SP
Minimum initial investment SGD 1,000+
Minimum subsequent investment SGD 100
Inception date 24 Feb 2003
Base currency SGD
Initial sales charge Cash - Max 5%, CPF - Max 1.5%^^
Annual management fees 1.3%^
Benchmark index 50% MSCI AC Asia Pacific ex Japan Index, 30% ICE BofAML U.S. Corporates A2 Rated and above Index, 20% ICE BofAML U.S. Corporates BBB3-A3 Rated Index
Morningstar rating *
31 Mar 2021

Footnote : + Subject to distributor’s terms and conditions.^ Includes the management fees charged by the investment manager of the underlying Luxembourg-domiciled Eastspring Investments - Asian Equity Fund, Eastspring Investments - US High Investment Grade Bond Fund and Eastspring Investments - US Investment Grade Bond 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. © Morningstar. All rights reserved.

#Medium to High Risk – Narrowly Focused - Regional - Asia.  The CPF interest rate for the Ordinary Account (OA) is based on the 12-month fixed deposit and month-end savings rates of the major local banks. Under the CPF Act, the Board pays a minimum interest of 2.5% per annum when this interest formula yields a lower rate. The interest rate for the Special Account (SA) and Medisave Accounts (MA) is pegged to the 12-month average yield of 10-year Singapore Government Securities (10YSGS) plus 1%, or current floor interest rate of 4% per annum, whichever is the higher. The interest rate to be credited to the Retirement Account (RA) will be the weighted average interest of the entire portfolio of Special Government Securities (SSGS) which the RA savings are invested in, which earn a fixed coupon equal to the 12-month average yield of the 10YSGS plus 1% computed for the year, or current floor rate of 4% per annum, whichever is higher. As announced in September 2020, the Government has decided to further extend the 4% floor rate for interest earned on SA, MA and RA monies for another year until 31 December 2021. In addition, the CPF Board will pay extra interest rate on the first S$60,000 of a CPF member’s combined balances, capped at S$20,000 in the OA. Only monies in excess of S$20,000 in the OA and S$40,000 in the Special Account can be invested. Investors should note that the applicable CPF policies and interest rates for each of the CPF accounts may be varied by the CPF Board from time to time. Please visit the CPF Board Website for further information on CPF policies and 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.