The Life Insurance Association of Singapore (LIA) has partnered with The Investment Management Association of Singapore (IMAS) to overhaul a website designed to help the investing community make informed decisions.
The revamped FundSingapore.com portal offers up-to-date information on the performance, risks and returns, and clear breakdown of fees of over 9,500 funds distributed in Singapore. The site portal was built by IMAS fintech member, New Wealth, and powered by data from Morningstar Research.
Read more: LIA Singapore expresses support for new claims resolution process
“Singapore, as a major investment hub with S$4.7 trillion of assets under management, has a unique opportunity to direct these investments dollars towards responsible investments to encourage better environmental, social, governance (ESG) outcomes,” said Carmen Wee, chief executive officer of IMAS. “As the national investment management association, we seek to achieve that by providing investors with risk and sustainability profiling tools, analytics and consolidate the power of research across the entire industry in one neutral place so that investors have a go-to site to validate their fund investments. We empower investors to harness the power of knowledge to make informed investment choices.”
“For members of Life Insurance Association, the goal of life insurers is to reach everyone in society, to be prepared for life’s evolving needs with suitable products,” said Pauline Lim, executive director of LIA. “The updated FundSingapore.com portal offers an up-to-date resource for self-directed learning and analysis by investors. They can discover and develop their personal investment profile as they use the portal along their stages of life.”