Standard Chartered Securities in collaboration with Neuberger Berman has introduced the Neuberger Berman 5G Connectivity Fund.
The new Neuberger Berman 5G Connectivity Fund is a thematic, forward-looking, global equity portfolio investing in key enablers and beneficiaries of 5G and future connectivity. It is designed for investors who want to participate in the potential earnings from the growth of companies driven by 5G.
The fund aims to achieve a target average return of three to five per cent over its benchmark before fees over a market cycle (typically three years) from investing primarily in a portfolio of global equity holdings, focussing on companies that are involved or derive benefit from Next Generation Connectivity.
CEO of Standard Chartered Securities Brenda Low said, “The 5G sector is expected to grow to USD13.2 trillion by 2035, driven by the need to upgrade connectivity systems to better process data. It is already seen as a strategic asset in many nations. The Neuberger Berman 5G Connectivity Fund provides the opportunity for investors to reap the potential that 5G is set to revolutionise societies around the world and we are proud to be offering the first fund of its kind to our clients in Brunei.”
Neuberger Berman Group LLC is a private, independent, employee-owned investment management firm. The firm manages equities, fixed income, private equity and hedge fund portfolios for global institutional investors, advisors and high-net-worth individuals. Neuberger Berman Specialist offers investment expertise and deep knowledge of industry complemented by connectivity across investment teams. The breadth of opportunity created by 5G is well-suited to the team’s experience across a range of sub-sectors. The team is well positioned to identify important secular themes with the aim of benefitting from these insights.
Standard Chartered Securities offers a wide range of wealth solutions. Potential investors are required to complete a client risk profiling assessment to ensure that they understand their risk appetite before taking up any wealth products. Investors who wish to know more about wealth products and services can visit Standard Chartered’s Gadong and Kuala Belait branches to speak to any licensed Relationship Manager or Wealth Consultant or visit Standard Chartered’s website www.sc.com/bn.