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Manulife Singapore Opportunities Income Fund

Stepping into Singapore's hidden gems

Why Singapore equities

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Why Manulife Singapore Opportunities Income Fund

Learn more

Why Manulife Investments

Learn more

 

Why Singapore equities

 

 

Performance relative to global and regional equities1

Singapore equities' performance compare favourably with their global and regional peers over 1, 3 and 5-year periods, demonstrating their potential over the medium and long term. 

 

Lack of sell-side coverage presents opportunities2

There are more than 150 companies listed on the Singapore Exchange, with a market capitalization between SGD 100 million and SGD 1 billion; yet on average, only one analyst covers them. We believe a well-resourced on-the-ground team may be able to find opportunities in this space, which is not well covered by the street. 

 

There is wide performance divergence in the small and mid-cap (SMID) space3

The best and worst performing SMID stock on the Singapore Exchange, over different time periods, showed wide divergence in returns. An active and well-resourced manager can help mitigate risk in the space, through a rigourous and disciplined investment approach that combines fundamental bottom-up research with top-down analysis

 

Why Manulife Singapore Opportunities Income Fund

 

 

Dedicated, experienced Singapore equities team4

  • Average 18 years of industry experience 
  • Long track record of investing in the SMID space 
  • Experience in managing Singapore equities dating back to 2007

Proven track record5

  • The team's Singapore Core Alpha Equity Composite outperformed the MSCI Singapore Index in seven out of the past ten years
  • Capture upside and protect on the downside – key to consistent outperformance
  • Top quartile information ratio over 1, 3, 5, 7-year periods (since lead manager joined)

All-cap approach with dynamic allocation

  • Ability to capture mispriced opportunities across all market caps 
  • Seek to maximize returns through SMID allocations during favourable market conditions
  • Flexibility to pivot into defensive large caps in down markets

 

Portfolio managers

chan hock fai
chan hock fai

 

 

Chan Hock Fai, CFA | Head of Equities, Singapore 

Based in Singapore, Hock Fai is Head of Equities for Manulife Investment Management (Singapore) Pte Ltd.

Hock Fai has over 20 years of industry experience and deep knowledge of Singapore’s asset management landscape. Before joining Manulife Asset Management, Hock Fai spent ten years with Amundi Asset Management Singapore, most recently as Director of Investment where he managed Singapore, regional (Asia Pacific ex-Japan) and global multi-asset portfolios. Prior to this, he was Senior Investment Manager for APS Asset Management.

Hock Fai holds a Bachelor of Science and a Master of Science from National University of Singapore. He is a Chartered Financial Analyst (CFA). 

derrick heng
derrick heng

 

 

Derrick Heng, CFA | Director, Portfolio Manager, Equities

Based in Singapore, Derrick is part of the investment team responsible for Singapore equities and Asia Pacific REIT mandates.

Derrick has more than 14 years of investment experience, holding previous roles such as the deputy head of research at Phillip Securities Research and vice president at Maybank Kim Eng Research. Prior to joining Manulife Investment Management in 2022, he was with Macquarie Capital Securities, where he was the team lead for Singapore real estate equities and coordinator for Asia Pacific thematic research.

Derrick holds a Bachelor of Engineering (Mechanical Engineering) and an Executive Certificate in Real Estate Finance from the National University of Singapore, and is also a Chartered Financial Analyst (CFA). 

 

Why Manulife Investments

 

 

Manulife Investments is the global wealth and asset management segment of Manulife Financial Corporation. We draw on more than 150 years of financial stewardship to partner with clients across our institutional, retail, and retirement businesses globally. Our specialist approach to money management includes the highly differentiated strategies of our fixed-income, specialised equity, multi-asset solutions, and private markets teams—along with access to specialised, unaffiliated asset managers from around the world through our multimanager model. Our personalised, data-driven approach to retirement is focused on delivering financial wellness in retirement plans of all sizes to help plan participants and members retire with dignity. As of 31 December 2025, Manulife Investments’ assets under management and administration globally were approximately C$1.07 trillion. 

Worldwide reach6

We have operations in 20 geographies. Offices with full investment capabilities are located in the United States, Canada, the United Kingdom, and in Asia, including Hong Kong SAR, Indonesia, Japan, Malaysia, Philippines, Singapore, Taiwan and Vietnam. Manulife Investments is the first foreign wealth and asset manager to convert its joint venture in the Chinese Mainland into a 100%-owned public fund management company (Manulife Fund Management), and the first Canadian financial services company to wholly-own a public fund management company in the Chinese Mainland. In addition, we have a joint venture, Mahindra Manulife Investment Management, in India. 

MI numbers
MI numbers
Notes:

1. Source: Bloomberg, as of 31 Dec 2025. Performance in USD. Europe is represented by Euro Stoxx 50 Index; Singapore by FTSE ST All Share Index; Asia ex Japan by MSCI AC Asia ex Japan Index; Japan by Nikkei 225 Index,; US by S&P 500 Index; ASEAN by MSCI ASEAN Index. 

2. Source: Bloomberg, as of 31 Dec 2025. 

3. Source: Manulife Investments, FactSet, as of 31 Dec 2025. SMID stocks are defined as stocks with market cap under SGD 9 billion during the periods indicated, within the FTSE ST All Shares Index. Performance greater than one year is annualized. 

4. Source: Manulife Investments, as of 31 Dec 2025. 

5. Source: Manulife Investments, Morningstar, eVestment, as of 31 Dec 2025. Past performance does not guarantee future results. Gross performance results do not reflect the deduction of investment management fees and are net of commissions and foreign withholding tax. Net performance results reflect the application of the highest incremental rate of the standard investment advisory fee schedule to gross performance results. Changes in exchange rates may have an adverse effect. Actual fees may vary depending on, among other things, the applicable fee schedule and portfolio size. 

6. Source: Manulife Investments, as of 31 Dec 2025. 

Important Information

Manager of the Fund: Manulife Investment Management (Singapore) Pte. Ltd. (“Manulife”) (Company Registration Number: 200709952G). The information provided herein does not constitute financial advice, an offer or recommendation with respect to the Fund. Opinions, forecasts and estimates on the economy, financial markets or economic trends of the markets mentioned herein are not necessarily indicative of the future or likely performance of the Fund. The Fund may use financial derivative instruments for efficient portfolio management and/or hedging. 

Investments in the Fund are not deposits in, guaranteed or insured by the Manager and involve risks. Past performance of the manager or sub-manager is not necessarily indicative of its future performance. The value of units in the Fund and any income accruing to them may fall or rise. Past performance of the Fund is not necessarily indicative of future performance. Investors should read the prospectus, and seek advice from a financial adviser before deciding whether to purchase units in the Fund. A copy of the prospectus and the product highlights sheet can be obtained from Manulife or its distributors. In the event an investor chooses not to seek advice from a financial adviser, he should consider whether the Fund is suitable for him. ​

Distributions are not guaranteed. Investors should refer to the prospectus for the distribution policy of the Fund. The Manager shall have the absolute discretion to determine whether a distribution is to be made in respect of the Fund as well as the rate and frequency of distributions to be made. Distributions may be made out of (a) income, or (b) net realized gains, or (c) capital of the Fund, or (d) any combination of (a), (b) and/or (c). Past distribution yields and payments are not necessarily indicative of future distribution yields and payments. Any payment of distributions by the Fund is expected to result in an immediate decrease in the net asset value per unit of the Fund.​

This advertisement or publication has not been reviewed by the Monetary Authority of Singapore.​