Enjoy privileged discretionary portfolio management services by our investment manager, Lion Global Investors Limited.

Managed Account (“MA”) is an absolute* return Discretionary Portfolio Management Account offered by OCBC Securities Private Limited (“OCBC Securities”).  Funds placed in an MA are managed on a discretionary basis. Each account is also segregated and is not commingled unlike unit trusts that are “pooled”. MA offers discerning retail investors the opportunity to enjoy privileged and differentiated discretionary portfolio management services offered by our investment manager Lion Global Investors Limited (“Lion Global Investors”), one of the largest asset management companies in Singapore.

To know more about Lion Global Investors, click here

Optimised Returns

In bull markets, our investment manager, Lion Global Investors, may fully invest the MA so as to reap the benefits from rising stock prices, In bear markets, the MA may keep cash and engage in short selling. In addition, Lion Global Investors may also make use of other investment instruments such as T-bills and Equity-Linked-Notes to optimise returns.

Absolute Return

MA targets absolute returns, that is it aims to be profitable every year. MA aims to achieve an average annual returnof 6% (net of management fee) over a three year rolling period, but this is NOT guaranteed.

No early withdrawal penalties

MA does not charge clients for any early withdrawal and closure of account. 

No front-end or back-end fees

MA charges only monthly management fees (“MF”) and performance fees (“PF”), which are incentive fees based on performance. No fees are charged on opening and closing of accounts.

Services by a Professional Investment Team

Lion Global Investors is one of the largest asset management companies in Singapore with an investment team of more than 50 specialists covering US, Europe and Asia Pacific markets. The average years of financial industry experience of the team is more than 10 years.

Getting Started

To get started, you simply need to:

• Appoint OCBC Securities to manage your funds by signing a Discretionary Portfolio Management Agreement
• Provide the funds for management in cash (by cheque or cashier's order)

Investment Amount

You can start an MA with a minimum of $50,000 cash. There is no lock-in period, minimum maintenance amount or withdrawal fee to tie up your funds.

Management Fee

MF is based on the Net Market Value of the MA portfolio determined at the close of the calendar month and payable monthly.

The management fee structure is as follows:

• Below S$250,000                           - 1.5% p.a
• S$250,000 to S$1,000,000           - 1% p.a
• Above S$1,000,000                        - 0.75% p.a

Performance Fee

PF is an incentive fee based on performance which is only levied when the increase in the net market value of your portfolio (after management fee) exceeds our target return of 6% per annum. Performance Fee is charged at one-tenth of the excess return. For example, say the net market value of your $100,000 portfolio rose by 18% in a year, the PF is $1,200 (i.e 10% of $12,000 (since the excess return is 18% - 6% multiplied by $100,000)

Other Charges

The usual charges necessary for the proper management and maintenance of your portfolio includes but not limited to brokerage, clearing fee, GST, and share borrowing fee. Brokerage is scaled down from 0.5% to 0.25% of the transaction amount and minimum charges will not apply.

Withdrawal

You may request to withdraw funds from your account at any time by giving us notice in writing. Upon receipt of notice and in the absence of other instructions, we will liquidate your MA (if necessary) and pay the net sales proceeds to you when all trades are settled.

There is no early withdrawal fee, penalties for closure of account.

Termination/Closure of account

You may terminate your MA at any time by submitting the account closure form to us. Upon receipt of the form and in the absence of other instructions, we will liquidate your MA (if necessary) and pay the net sales proceeds to you when all trades are settled. Shares in odd lots will typically have to be sold at a discount. Structured instruments and fixed deposits will have to be held till maturity. Alternatively, you may instruct us to transfer your shares to your CDP or custodian account. All out-of-pocket costs incurred and other relevant charges will be debited before the transfer. There are no back-end fees for closure of MA.

• Have prior experience investing in shares or unit trusts
• Seek to diversify their portfolios via alternative strategies
• Wish to benefit from the expertise of a professional investment team
• Need liquid investment, i.e. not tied down to a definite investment period
• Are on a look-out to complement existing direct investment in the stock market
• Have investment objectives that are moderately aggressive to aggressive

MA portfolios aim to achieve an average annual return of 6% (net of management fee) over a three-year rolling period, but this is NOT guaranteed.

Absolute return does not mean guaranteed return. Returns under any MA are only targeted or projected. Strategies employed in absolute return portfolios aim to produce returns independent of market performance benchmarks or indices such as the Straits Times Index. Any investment in MA is subject to investment risks, including the possible loss of all or a substantial amount of the principal amount invested.

Tell me more about Managed Account!

For more information on Managed Account, please contact the Managed Account Department at 6531 9857.

[*]Absolute return does not mean guaranteed return. Returns under any MA are only targeted or projected. Strategies employed in absolute return portfolios aim to produce returns independent of market performance benchmarks or indices such as the Straits Times Index. Any investment in MA is subject to investment risks, including the possible loss of all or a substantial amount of the principal amount invested.

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Disclaimer

This publication is prepared by OCBC Securities Private Limited (“OSPL”) for general information only. The value of the securities may fall as well as rise and any investment in the Discretionary Portfolio Management Account (”Managed Account”) is subject to investment risks, including the possible loss of all or a substantial amount of the principal amount invested. Neither OSPL, Lion Global Investors nor any of its directors, employees or agents has given any consideration to nor have they made any investigation of your investment objectives, financial situation and/or particular needs. You should consider carefully whether the Managed Account is suitable for you. If in doubt, you should seek advice from your independent financial adviser on whether the Managed Account is suitable for you, taking into consideration your specific investment objectives, financial situation and/or particular needs. Accordingly, no warranty is given and no liability is accepted for any loss arising directly or indirectly as a result of your acting on any information herein. Managed Account is subject to the OSPL Standard Trading Terms and Conditions and the Terms and Conditions Governing Discretionary Portfolio Management.

For assistance, please call

• 1800-338 8688
• +65-6338 8688