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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 offer ILP sub-funds managed by LionGlobal Investors that invests in physical gold.
- 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 – Investment-linked policies (ILPs) that tap on physical gold funds are emerging in Singapore, with Great Eastern and Singlife launching such products amid the recent run in gold prices.
This is done by offering sub-funds within the ILPs, which can cover investment options such as equities, bonds and now gold.
