iFAST-Amova Singapore Equity A SGD

The Fund aims to achieve medium- to long-term capital appreciation by investing in a diversified portfolio of equity and equity-related securities issued by entities listed or to be listed on recognised stock exchanges in Singapore, entities domiciled or incorporated in Singapore, and/or entities which, in the Managers’ opinion, have significant assets, business, production, trading or other business interests in Singapore.

iFAST Research Team
iFAST Research Team09 Sep 2026 77 Views
iFAST-Amova Singapore Equity A SGD
2026
  • The fund manager's philosophy is to focus on factors that drive long-term returns, aiming to deliver performance through a disciplined approach across market cycles. The fund is growth oriented.
  • The fund has a bias towards small- to mid-cap companies that offer compelling value, strong asset backing, and potential catalysts such as corporate restructuring or value realisation initiatives. It is also biased towards stocks aligned with the manager's "New Singapore" narrative.
  • The fund is benchmark-aware, using the Straits Times Index as a performance reference only. Given the portfolio's bias towards small- to mid-cap companies and "New Singapore" names, benchmark constituents are not a primary consideration in security selection, and holdings may differ meaningfully from the benchmark.
  • As of 31 March 2026, the fund invested predominantly in Financials and Industrials sectors. The Financials weighting mainly reflects large-cap Singapore banks, though the fund is underweight banks relative to its benchmark.
  • Moving forward, the fund manager continues to favour small- to mid-cap companies offering compelling value, strong asset backing and potential catalysts such as corporate restructuring, alongside "New Singapore" names in renewable energy, technology, data infrastructure, healthcare and logistics.

Fund Investment Style

Source: Bloomberg Finance L.P., iFAST Compilations
Monthly total returns including gross dividends in SGD terms as of 31 Mar 2026

Recommended fund

3-year annualised return

3-year maximum drawdown

3-year downside deviation

3-year Sortino ratio

iFAST-Amova Singapore Equity A SGD

24.8%

-20.0%

4.2%

5.30

Peer Average

19.9%

-15.3%

5.1%

3.51

Source: Bloomberg Finance L.P., iFAST Compilations
Monthly total returns including gross dividends in SGD terms as of 31 Mar 2026

About the Fund Managers

The Fund is managed by senior portfolio managers Lai Yeu Huan and Kenneth Tang, who jointly manage Singapore and ASEAN equity portfolios and have co-managed the Nikko AM ASEAN Equity Fund since 2015. They are senior members of Amova Asset Management’s Asian Equity team, comprising 10 investment professionals with the majority based in Singapore and an average of 22 years of industry experience. The Fund adopts a growth-oriented approach, focusing on smaller-cap companies offering compelling value, strong asset backing and catalysts for value realisation, alongside businesses aligned with the “New Singapore” theme. Fundamental research and quality assessment underpin stock selection, with a focus on long-term growth and downside protection.

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