Financial regulator, the Monetary Authority of Singapore, granted the company ‘Restricted Recognition’ status which means professional intermediaries and private bankers can access Neptune funds via locally registered global life companies and platforms with immediate effect.
- The funds recognised are:
- Neptune Global Equity Fund
- Neptune Emerging Markets Fund
- Neptune US Opportunities Fund
- Neptune Russia & Greater Russia Fund
- Neptune China Fund
- Neptune Latin America Fund
- Neptune Asia Pacific Opportunities Fund
Richard Green, deputy managing director of Neptune, said: “Whilst the UK domestic market still offers opportunities over the medium term, we believe that to maintain Neptune’s growth trajectory, we need to take initial strategic steps in other international markets to complement our presence in, and ongoing commitment to, the UK market.
“The trend towards wealth accumulation and the rise of private banking and global life product providers in the Far East led us to focus on Singapore, particularly given the regional demand for non-benchmark, high conviction equity fund management – an area where Neptune continues to excel.”
