Great Eastern has launched the GreatLink Singapore Physical Gold Fund, Singapore’s first physical gold investment-linked policy fund.
The fund gives customers exposure to physical gold bars vaulted in Singapore and insured up to their full value, subject to standard exclusions. It is positioned as an option for portfolio diversification, long-term wealth preservation, and protection against inflation.
“In an increasingly uncertain environment, diversification is essential to long-term financial planning,” said Greg Hingston, Group CEO of Great Eastern. “By offering physical gold exposure within our investment-linked solutions, we are giving wealth-planning and protection-focused customers an additional way to strengthen the resilience of their portfolios.”
The GreatLink Singapore Physical Gold Fund invests directly into the LionGlobal Singapore Physical Gold Fund, a sub-fund of LionGlobal New Wealth Series II, managed by Lion Global Investors Limited. The underlying gold either meets the international standards of the London Bullion Market Association or is otherwise approved by the Monetary Authority of Singapore.
Great Eastern is the first financial services provider in Singapore to offer physical gold as an asset class within a structured, insurance-based proposition, developed with Lion Global Investors, both part of OCBC Group. The fund is available under selected Great Eastern investment-linked plans.
Founded in 1908, Great Eastern holds over S$117 billion in assets and more than 15.5 million policyholders, including 11.5 million from government schemes, with operations across Singapore, Malaysia, Indonesia and Brunei. Great Eastern Life Assurance and Great Eastern General Insurance are rated “AA” by Fitch Ratings and “AA-” by S&P Global Ratings. Great Eastern is a subsidiary of OCBC, the second largest financial services group in Southeast Asia by assets.