The products, which are both Dublin Ucits funds, have been established as mirror funds and are available through FPI’s Singapore Global Wealth Builder unit-linked savings plan and Global Wealth Manager unit-linked investment plan.
Castlestone said that FPI clients could only access commodity performance indirectly, through commodity-related equities, prior to this development.
The fund manager said it had been selected due to its “proven depth and experience in commodities investment and long-standing global relationship [with FPI].”
Chris Gill, regional director, FPI, said: “The need for portfolio protection has lifted demand for real assets amongst Singapore-based investors. By offering exposure to commodities through Castlestone’s Aliquot range of funds, we’re enabling clients to diversify their portfolios.”
Alex Traub, director of business development, Asia, for Castlestone Management, added: “Castlestone and FPI have a strong history of working together to deliver unique investment offerings for IFAs and clients worldwide. We’re looking forward to strengthening this relationship within the Singapore market.”
