Recommended Fund
With the huge array of funds available on the platform, the FSM Recommended Funds Report serves as a starting point for investors. The careful study of fund factsheets, prospectus and semi-annual/annual reports are essential reading for investors who are determined to take a more active role in selecting funds for their portfolio. Choosing the right fund to invest in is only one part of the investment process; a suitable asset allocation and the desired exposure to individual markets are critical considerations for a successful investment.
Fund Name | Description | Category | Risk Rating | 1 MTH (SGD) | Payment Method | Actions |
|---|---|---|---|---|---|---|
abrdn Malaysian Equity SGD abrdn Asia Limited | • The fund manager employs a bottom-up approach in portfolio construction, prioritising high-conviction stocks that offer the best risk-adjusted returns and responsible ESG stewardship.
• The fund avoids a hardened distinction between being value or growth-oriented. Instead, it focuses on investing in companies with quality characteristics and attractive valuations. • Looking ahead, the team is positive on the Malaysian market, spurred by an undervalued ringgit and Malaysia’s significant role in the global semiconductor industry. | Single Market Equity - Malaysia | 9 - Higher Risk | -2.82 | Cash, SRS | |
Allianz Best Styles Global Equity Cl ET Acc H2-SGD Allianz Global Investors Singapore Ltd | • “Best Styles” is a multi- factor approach that aims to generate excess return through balanced exposure to five investment styles - Value, Momentum, Revisions, Growth and Quality.
• The fund’s investment process combines systematic and style-based research, used to determine the optimal mix of five investment styles, with advanced AI signals and fundamental bottom-up stock selection, all supported by rigorous risk management. • The fund is benchmark-aware but includes off-benchmark stocks to enhance return potential and outperform the MSCI World Total Return Net Index, while carefully managing and minimising unrewarded risks. | Core Equity - Global | 7 - Moderately Higher Risk | 1.21 | Cash, CPFIS-OA, SRS | |
Allspring Global Equity Enhanced Income A Dis USD Allspring Funds Management, LLC | • The fund seeks to deliver a high level of current income and long-term capital appreciation by investing in a diversified portfolio of global stocks, complemented by an actively managed options overlay designed to generate additional income.
• While the income-focused strategy naturally carries a value tilt, it aims to maintain a balanced exposure across value, quality, and momentum factors. The strategy also has the flexibility to allocate up to 10% of the portfolio to non-dividend-paying stocks to enhance growth potential. • The fund is benchmark-aware, with the MSCI ACWI serving as its primary benchmark. It targets a distribution yield of 6% p.a. | Core Equity - Global | 7 - Moderately Higher Risk | 1.84 | Cash, SRS | |
Amova Short Term Bond SGD (formerly Nikko AM) Amova Asset Management Asia Limited | • The fund managers seek preservation of capital and liquidity by investing in a diversified portfolio of good quality, short-term bonds and money market instruments.
• The team believes that outperformance can be achieved through a systematic application of proprietary top-down macro and bottom-up credit research. The fund adopts a laddered approach in terms of bond maturities, protecting it against interest rate hikes to minimise immediate mark-to-market losses. | Bonds - Singapore-Centric | 1 - Lower Risk | 0.3 | Cash, CPFIS-OA, CPFIS-SA, SRS | |
Amova Singapore Dividend Equity SGD (formerly Nikko AM) Amova Asset Management Asia Limited | • The fund manager employs a bottom-up approach to identify undervalued stocks that offer a balance of sustainable returns and positive fundamental change.
• The investment team adopts a sustainable dividend-focused strategy, focusing on higher dividend-paying stocks with resilient business models and proven management. • Moving forward, the team will continue to prioritise high dividend stocks and focus on “New Singapore” stocks in areas of Renewable Energy, Technology, Data, Healthcare, Food and Logistics, which represent the future economy of Singapore. | Single Market Equity - Singapore | 8 - High Risk | 1.35 | Cash, SRS | |
Amundi Funds Cash USD A2 (C) USD Amundi Luxembourg S.A. | • The fund seeks to achieve a stable performance in line with the US Federal Funds Capitalised rate, which the team considers representative of US money market rates.
• The fund invests at least 67% of its assets in money market instruments denominated in USD or other hedged currencies to minimise currency risks. The fund may use derivative instruments for hedging and efficient portfolio management. • The team adopts a cautious approach, with a focus on issuer selection and credit quality. | Bonds - Money Market (USD) | 2 - Low Risk | 1.88 | Cash | |
Blackrock Natural Resources A2 USD BlackRock (Singapore) Limited | • The fund manager believes it can generate long-term alpha through a combination of a top-down macro and industry overlay, and bottom-up fundamental analysis of companies. It will maintain flexibility and emphasise different sources of alpha depending on the situation.
• Though the fund has no constraints on market cap, it has a bias towards mid and large-cap companies. The fund is benchmark-aware, with its benchmark being the S&P Global Natural Resources Index, which is one-third energy, one-third mining and one-third agriculture. • Looking forward, the fund remains positive on Natural Resources equities to hedge portfolios from persistent inflation, while benefitting from structural shifts towards decarbonisation, re-wiring supply chains and the rise of Artificial Intelligence. | Sector Equity - Global Resources | 10 - Highest Risk | -7.11 | Cash, SRS | |
Blackrock Systematic China A-Share Opportunities A2 USD BlackRock (Singapore) Limited | • The fund manager utilises its proprietary portfolio optimisation model, which leverages Systematic Active Equity (SAE) signals across Fundamental, Sentiment, and Macro dimensions for portfolio allocation.
• The fund is style agnostic by design with no persistent biases towards any specific sectors or market cap as the team believes that this approach will provide differentiation and higher performance consistency. • Looking forward, geopolitical tensions, tariffs and Trump-era policies remain key focus areas for the fund. In addition, the fund manager will continue to monitor domestic policy, macroeconomic indicators, Infrastructure and Manufacturing investment trends as well as developments in the Property sector to better assess the underlying strength of the economy. | Single Market Equity - China-Local | 9 - Higher Risk | 2.82 | Cash, SRS | |
Blackrock US Mid-Cap Value A2 USD BlackRock (Singapore) Limited | • The fund adopts a value-oriented discipline and a bottom-up research process in stock selection, focusing on undervalued mid-capitalisation companies with durable business models capable of generating consistent dividend growth.
• The team aims to build a diversified, attractively priced portfolio of quality companies featuring strong management teams, solid balance sheets, and positive earnings and free cash flow. • The fund is benchmark-aware but not benchmark-constrained, using the Russell Midcap Value Index for reference. | Core Equity - US | 10 - Highest Risk | 5.92 | Cash, SRS | |
BNP Paribas Europe Small Cap Classic Cap EUR BNP Paribas Asset Management - BNPP Funds & Paribas A | • The fund manager believes that above-average, sustainable earnings and cash flow growth lead to superior share price performance, with valuation playing a critical role in achieving sustainable returns.
• The fund is built on a disciplined, bottom-up investment process following a Growth at a Reasonable Price approach, with strong integration of ESG factors and robust risk management. • The fund invests at least two-thirds of its assets in European companies with market capitalisations below the highest market capitalisation of the MSCI Europe SmallCap Index. | Core Equity - Europe | 10 - Highest Risk | -1.16 | Cash, SRS |
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