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Firms rolling out physical gold-backed insurance in S’pore amid heightened interest
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Financial experts suggest a 5 per cent to 10 per cent allocation to gold for portfolio insurance purposes.
PHOTO: BLOOMBERG
- Great Eastern and Singlife launch physical gold-backed ILPs (investment-linked policies) linked to the LionGlobal Singapore Physical Gold Fund.
- Experts suggest gold ETFs are easier and cheaper than ILPs, unless one seeks ILP's death benefit and wealth transfer features.
- Gold is a portfolio diversifier, currency devaluation hedge, and protection against economic and political uncertainty; DBS forecasts gold at US$6,600/ounce by 2030.
AI generated
SINGAPORE – Physical gold-backed investment-linked policies (ILPs) are emerging in Singapore, with Great Eastern and Singlife launching their versions of the product amid the recent run in gold prices
The Straits Times understands that Singlife will be launching an ILP fund backed by physical gold on Feb 4, while Great Eastern launched one on Jan 27.
