Lion Global’s Disruptive Innovation Fund chooses around 100 stocks from an investible universe of 500 companies listed globally that participate in disruptive trends, such as digital shopping, artificial intelligence, big data and analytics, automation and others, according to a statement from the firm.
It chooses the stocks from the universe using a five-factor screening process, which include market capitalisation, volatility, sales growth, earnings-per-share growth and price-to-sales ratio.
Then fund was first launched on 8 January, a Singapore-based Lion Global spokesman confirmed.
Distribution is through LGI’s online distribution partners, such as fundsupermart.com, Dollardex and Poems, according to the statement.
According to the spokesman, the fund may be distributed through private banks in the future.
Lion Global initially hopes to attract millennial investors by offering a lower annual management fee of 0.68% per annum, according to the statement. The undiscounted management fee is 1%.