The firm filed prospectuses for the nine funds with the MAS this week, records show. When approved, it will be the first time that Dimensional will be able to distribute funds to retail investors in Singapore.
The firm, which globally manages around $586bn (£442bn, €501.9bn) in assets, already has one fund registered with the MAS, the Dimensional Euro Inflation Linked Intermediate Duration Income Fund, but the product is only available to accredited investors, according to data from FE Analytics.
Equities, fixed income and balanced
The nine new funds include six equity funds: European Value Fund, Emerging Markets Large Cap Core Equity Fund, Global Core Equity Fund, Global Targeted Value Fund, Pacific Basin Small Companies Fund and the World Equity Fund, two fixed income funds: the Global Short Fixed Income Fund and the Global Short-Term Investment Grade Fixed Income Fund, and one balanced fund: the World Allocation 60/40 Fund.
Our sister publication Fund Selector Asia sought more information from Dimensional, but the firm was not able to comment in time for publication about its initiatives in Asia.
Besides Singapore, the firm also has an office in Hong Kong, where it obtained a Type 1 licence (dealing in securities) from the Securities and Futures Commission in November last year, according to records from the Hong Kong regulator.
Asia push
The responsible officers for the Hong Kong office are Peng Chen, the firm’s Singapore-based chief executive for Asia (ex-Japan), Carlo Venes, who leads the firm’s institutional business in Asia (ex-Japan) and Amy Shang, Singapore-based regional director for greater China.
Dimensional’s Asia push dates back in 2012, when it hired Peng and Venes. Peng was previously Morningstar’s president for the firm’s global investment division, while Venes was Fidelity’s Asia Pacific head of institutional business.
Shang joined the firm in 2014, according to her Linkedin profile and was previously from Pyramis Global Advisors.
Within Asia Pacific, the firm also has offices in Tokyo, Melbourne and Sydney, according to the firm’s website.
The Dimensional Euro Inflation Linked Intermediate Duration Fixed Income Fund versus its sector in Singapore.
