GROW with Singlife, the Singapore insurer’s investment platform, has formed a strategic partnership with Allianz Global Investors Singapore to offer holistic wealth and investment solutions.

As their initial offering, GROW and AllianzGI are introducing Allianz Global Income, a multi-asset fund that seeks to provide long-term income and capital growth with less volatility. Offered exclusively to GROW's network of advisers and their clients, the fund is in Singapore dollars with monthly dividends.

Akhil Doegar, chief executive officer of GROW with Singlife, says: “In today's dynamic global market, local investments are insufficient to achieve diversification. The Allianz Global Income fund, with its rigorous investment process and proven track record, aligns perfectly with our vision. The portfolio is well-diversified across four main asset classes – global equities, global convertible securities, global investment-grade corporate bonds, and global high-yield bonds – which aims to provide investors with stable income and capital appreciation.”

Allianz Global Income boasts US$161.7 million of assets under management, as of December 31 2023. The fund launched its initial public offering on March 15.