Dear Client,
We have re-optimised your Syfe Core portfolio as part of our semi-annual exercise. Core portfolios (Equity100, Growth, Balanced and Defensive) are re-optimised twice a year to maintain their strategic asset allocations, in order to improve long term returns.
In line with Syfe’s passive, long-term investment strategy, Syfe’s Core portfolios have relatively stable asset allocations regardless of market conditions. You can read more about our investment approach here.
This rebalancing is covered in your fees and you will not incur any additional charges. Kindly log in to your Syfe account to view your updated Core portfolio holdings. If you have any questions, please reach out to us at
support.sg@syfe.com or call us at +65 3138 1215.
Here are the key updates to Syfe Core Portfolios:
For Core Growth, Balanced and Defensive Portfolios
- Re-optimisation of the bond component of Core portfolios to take inflation into account: We added an allocation to inflation-protected US Treasury bonds, also known as TIPs (iShares TIPs Bond ETF). This will become part of the strategic allocation for core portfolios.
- Concerns on inflation have come into the foreground in recent times. TIPs are indexed to inflation meaning that when inflation rises, so does the principal amount of the security and interest payments. By introducing TIPs into our investors' portfolios, we are able to safeguard the erosion of purchasing power due to inflation.
For all portfolios
Enhanced tax-efficiency
- We have switched the ETF used to represent emerging markets equity from a US-listed instrument (iShares Core MSCI Emerging Markets ETF, IEMG) to its London-listed equivalent (iShares Core MSCI EM IMI UCITS ETF, EIMI).
- The exposure to emerging market equity remains stable but the tax burden on investors is reduced with the Irish-domiciled vehicle.
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