Fundsupermart Recommended Funds List 2025/26: Discover the Best-In-Class Equity Funds

• For the 2025/26 Fundsupermart Recommended Funds List, we feature 46 funds in total, including 30 equity strategies.

• Our new recommended global equity fund is the Allianz Best Styles Global Equity Cl ET Acc H2-SGD, reflecting its ability to perform well across different market cycles.

• We added an income-focused option in the global equity category with Allspring Global Equity Enhanced Income A Dis USD.

• This year’s list also includes LionGlobal China Growth SGD to better capture the technology-driven growth potential of the Greater China region.

It is that exciting time of the year again – our annual update of the Fundsupermart Recommended Funds List is here!

Since 2001, our research team has been publishing this list to help investors navigate the growing universe of funds on our platform. By carefully selecting high-quality funds, we aim to make the investment journey smoother and more focused for investors.

As always, this year’s list spans both equity and fixed income strategies, covering global, regional, single-market, and sector-focused funds. For the 2025/26 edition, we have shortlisted 46 recommended funds that have consistently delivered strong, risk-adjusted returns relative to their peers.

In this article, we highlight the key updates to the equity section of our list.

We have also featured our recommended fixed income and balanced funds in a separate article — read more here!

2025/26 Recommended Equity Funds

2025 presents a highly uncertain and volatile landscape for investors. Trump’s tariff policies have dampened the appeal of US equities, as concerns mount over a potential economic slowdown or even contraction. Investors are also weighing the impact of tariff re-impositions on various markets, alongside the risk of additional sector-specific measures.

While tariffs dominate the headlines, selected regions are gaining attention for their structural growth opportunities. In Asia, China has pivoted to pro-growth policies to revitalise its economy, while rapid advancements in AI have triggered a re-rating of technology stocks. In South Korea, supportive policies under the new president and resilient semiconductor demand have boosted investor confidence. Beyond Asia, Europe’s defence sector has come into focus amid heightened geopolitical instability.

In a world shaped by shifting policies, economic uncertainty, and geopolitical tensions, diversification remains essential. Our fund selection is built around this principle, spanning multiple markets, regions, and sectors to support well-diversified portfolios. We focus on strategies that have demonstrated strong performance and robust risk management, with the aim of weathering volatility while capturing growth opportunities.

For the 2025/26 Recommended Funds List, we feature 46 funds in total, including 30 equity strategies (Table 1). We believe this curated selection can help investors grow their capital and stay resilient in today’s volatile environment.

Table 1: 2025/2026 Recommended Equity Funds List

Core Equity
Category	2025/2026
Asia ex Japan	FSSA Asia Pacific Equity I Acc USD
	Fidelity Asia Pacific Dividend A-USD
	Fidelity Asian Smaller Companies A-ACC-USD
Digital Economy	Fidelity Global Technology A-ACC-USD
	Eastspring Investments Unit Trusts - Global Technology SGD
Europe	Eastspring Investments Unit Trusts - Pan European SGD
	BNP Paribas Europe Small Cap Classic Cap EUR
Global	Allianz Best Styles Global Equity Cl ET Acc H2-SGD
	Allspring Global Equity Enhanced Income A Dis USD
Global Emerging Markets	JPMorgan Funds - Emerging Markets Dividend A (mth) USD
Japan	Eastspring Investments - Japan Dynamic AS SGD
	Janus Henderson Horizon Japanese Smaller Companies A2 USD
US	JPMorgan Funds - America Equity A (acc) USD
	Natixis Harris Associates US Value Equity RA USD
	Blackrock US Mid-Cap Value A2 USD
Supplementary Equity
Category	2025/2026
ASEAN	Principal ASEAN Dynamic Fund Class SGD
Asia Pacific Property	United Asia Pacific Real Estate Income Acc SGD
China	Fidelity China Focus A-SGD
China-Local	Blackrock Systematic China A-Share Opportunities A2 USD
Global Financials	Fidelity Global Financial Services A-ACC-SGD
Global Healthcare	Manulife Global Fund - Healthcare AA USD
Global Infrastructure	FTGF ClearBridge Infrastructure Value A Mdis SGD-H Plus
Global Property	Janus Henderson Horizon Global Property Equities A2 USD
Global Resources	Blackrock Natural Resources A2 USD
Greater China	LionGlobal China Growth SGD
India	Nippon India Investment Unit Trust - Nippon India Equity A USD
Latin America	JPMorgan Funds - Latin America Equity A (acc) USD
Malaysia	abrdn Malaysian Equity SGD
Singapore	Amova Singapore Dividend Equity SGD
South Korea	JPMorgan Funds - Korea Equity A (acc) USD
Source: iFAST Compilations.

Related article: A global trade war is here. Here’s how you can protect your portfolio.

Notable changes in this year’s list

A new Global Core Equity fund: Allianz Best Styles Global Equity Cl ET Acc H2-SGD

One of the key changes in the 2025/26 edition of the Recommended Funds List is the change of our recommended fund in the global equity category. We believe it is crucial to select a fund that can perform well across different economic cycles and remain resilient in an ever-changing environment.

For this reason, we have chosen Allianz Best Styles Global Equity Cl ET Acc H2-SGD. The fund employs a dynamic strategy that blends five investment styles - value, momentum, revisions, growth, and quality - seeking the optimal allocation that maximises excess return per unit of risk in varying market conditions.

As of 30 June 2025, the fund’s largest country allocation was to the US (76.7%), followed by Japan (5.2%) and the UK (3.7%). By sector, it was most heavily invested in Information Technology (28.0%) and Financials (14.6%). The fund’s strategy combines traditional fundamental metrics with AI-driven signals to identify stocks with attractive style attributes. This has resulted in meaningful exposure to high-quality growth technology companies, including six of the “Magnificent Seven”. The fund also maintains flexibility with a +/- 1% active stock weighting to ensure a diversified portfolio and avoid concentrated positions, resulting in most stocks retaining a weight of around 1% (Table 2).

Table 2: Top 10 holdings of the Allianz Best Styles Global Equity Fund

Holdings	Weight
Nvidia	6.0%
Microsoft	4.7%
Apple	4.7%
Amazon	2.5%
Meta Platforms	2.1%
Alphabet	1.4%
Johnson & Johnson	1.4%
Novartis	1.4%
Philip Morris International	1.3%
Amphenol	1.3%
Total	26.7%
Source: Allianz Global Investors. Data as of 30 June 2025.

This approach has proven resilient across market cycles. The fund outperformed both the MSCI World Net Total Return Index and peer group, delivering 16.4% and 13.7% annualised returns over the past three and five years, respectively. It has also achieved a solid 8.7% one-year return, albeit slightly trailing the benchmark.

Beyond performance, the fund also stands out for its robust risk management, recording the lowest five-year maximum drawdown at -21.2%, compared to both its benchmark and peers.

Figure 1: The fund has demonstrated strong performance across the five-year period

Figure 2: The fund has also experienced a smaller maximum drawdown compared to both its peers and benchmark

Adding an Income option to Global Core Equity: Allspring Global Equity Enhanced Income A Dis USD

While our focus in global equities has traditionally leaned toward growth, we have seen stronger demand for consistent income streams amid heightened global uncertainties. To provide investors with an additional option, we have introduced a new recommended global equity fund in this year’s “Core Equity” segment that emphasises income.

Conventional income funds often lean toward a value bias, limiting growth exposure and potentially leading to performance lags. However, the Allspring Global Equity Enhanced Income A Dis USD aims to strike a better balance by capturing the long-term growth potential of global equities while delivering a targeted yield of around 6% per annum. This high level of income is generated through selling covered call options on equity indices.

The fund’s deliberate exposure to growth translated to significant positions in Information Technology (27.6%) and Communication Services (10.7%), both overweight versus the MSCI ACWI benchmark. Within these sectors, the fund holds prominent technology leaders such as Nvidia, Broadcom, and TSMC, alongside other “Magnificent Seven” names including Amazon, Apple, and Alphabet (Table 3). With these positions, North America remains the largest regional allocation (63.7%), though the fund is underweight relative to the benchmark, offset by a higher allocation to Europe (17.5%).

Table 3: Top 10 holdings of the Allspring Global Equity Enhanced Fund

Holdings	Weight
NVIDIA	4.2%
Microsoft	4.0%
Broadcom	2.6%
Amazon	2.3%
Apple	2.3%
Alphabet	2.2%
Taiwan Semiconductor Manufacturing	2.2%
Citigroup	2.1%
Meta Platforms	1.8%
UniCredit	1.8%
Total	25.4%
Source: Allspring Global Investments. Data as of 30 June 2025.

Performance-wise, while the fund has trailed the benchmark over a five-year horizon, it has delivered comparable returns over three years and even outperformed in the most recent one year with a 9.6% gain (Figure 3). Moreover, it has consistently outperformed its peer group across all periods, while also demonstrating strong downside protection with the lowest five-year maximum drawdown at -20.9% (Figure 4).

Figure 3: The fund has outperformed its peer group over the past five years

Figure 4: The fund recorded the lowest five-year maximum drawdown compared to both its benchmark and peer group

Capturing Greater China’s Growth Story: LionGlobal China Growth SGD

We have taken a more positive view on China this year, upgrading the market from 2.5 stars “Neutral” to 3.0 stars “Attractive”. The Chinese government has become increasingly supportive of the private sector, introducing a series of pro-growth policies to stimulate expansion. Technology firms have been the primary beneficiaries of this policy shift.

At the same time, we continue to hold a positive outlook on Taiwan, underpinned by its global leadership in semiconductor foundries and a robust technology ecosystem. Together, these factors make Greater China a more compelling investment destination.

To capture this technology-driven growth story, we have selected the LionGlobal China Growth SGD as our recommended fund for the Greater China region this year. As of 30 June 2025, the fund had a substantial 61.9% allocation to technology-related sectors, including 34.7% in Information Technology, 16.2% in Consumer Discretionary, and 11.0% in Communication Services.

Taiwan Semiconductor Manufacturing was the largest single holding at 19.4%, representing the bulk of Taiwan’s overall 28.2% allocation. The fund also maintains strong exposure to leading Chinese internet companies, with Tencent, Alibaba, and Xiaomi among its top holdings (Table 3).

Table 3: The fund’s top 10 holdings account for more than half of the portfolio

Holdings	Weight
Taiwan Semiconductor Manufacturing	19.4%
Tencent	10.0%
Alibaba	5.4%
Xiaomi	5.0%
China Construction Bank	3.5%
Hong Kong Exchange and Clearing	3.2%
Trip.com	2.5%
China Merchants Banks	2.3%
Contemporary Amperex Technology	2.1%
MediaTek	2.1%
Total	55.4%
Source: Lion Global Investors. Data as of 30 June 2025.

The fund has consistently outperformed its peer group over both three- and five-year periods, delivering positive annualised returns of 3.5% and 2.0%, respectively, while peers posted negative returns. While it trailed the MSCI Golden Dragon Index over the 5-year period, the fund achieved a strong 19.2% return over the past year, slightly above the benchmark’s 18.8% (Figure 5).

In terms of risk, the fund recorded a five-year maximum drawdown of -52.8%, marginally higher than the peer group’s -51.0%, but notably better than the benchmark’s -56.4% (Figure 6). Taken together, this suggests the fund has demonstrated a solid ability to deliver growth while offering meaningful downside protection.

Figure 5: The fund has consistently outperformed its peer group

Figure 6: The fund showed better downside control compared to the benchmark, but slightly underperformed peer group

Fundsupermart Recommended Funds List: Making it easier for investors to uncover investment opportunities

If you are feeling overwhelmed by the wide range of choices or simply do not have the time to evaluate every fund on our platform, the Fundsupermart Recommended Funds List is here to help. Click here to view the full report. 

In addition to the funds highlighted above, we have made changes to several other funds on the list, providing more detailed analyses for some of them. These updates are covered in separate articles, so be sure to check them out (Table 5)!

We are committed to guiding you on your investment journey, helping you invest globally with confidence and positioning your portfolio for long-term profitability.

Table 5: Other articles about the 2025/26 Recommended Funds

Category	Recommended Funds	Articles
Global Equity	Allianz Best Styles Global Equity Cl ET Acc H2-SGD	Unlock consistent outperformance with the Allianz Best Style Global Equity Fund
Asia Ex Japan	FSSA Asia Pacific Equity I Acc USD	Building Resilience Through Quality: Investing in FSSA Asia Pacific Equity Fund

Declaration:

For specific disclosure, at the time of publication of this report, IFPL (via its connected and associated entities) and the analyst who produced this report hold a NIL position in the abovementioned securities.