On August 2, wealth manager Paragon Capital Management Singapore (PCMS) announced the launch of Paragon Income I, an income-oriented fund that aims to provide a stable return for accredited investors over the longer term.
The open-ended fund has a monthly subscription and redemption cycle, and a minimum subscription of US$200,000 ($270,709).
According to PCMS, Paragon Income I will invest across a global credit spectrum using an “unconstrained and high conviction income approach” that allows for flexibility to adjust the portfolio allocation in response to evolving market conditions.
A "significant" proportion of the fund will be parked in fixed-income securities with the rest invested in dividend-yielding equities, exchange traded funds and cash.
The Fund will be managed Carinn Neo, who recently joined PCMS as its managing director and senior portfolio manager on July 12.
“Today’s low interest rates environment has made coupon or dividend all the more relevant to investors. With inflationary pressures growing in imminence, we are seeing a sustained appetite for yield stability. We believe that Paragon Income I, with its resilient and diversified portfolio and a focus on generating steady income, will meet the investment needs of our investors,” says Neo.
The launch of Paragon Income I follows PCMS’ recent launch of Paragon Ventures I on July 19, an early-stage venture capital fund that invests in productivity and efficiency enablers from the pre-seed to series A development stages.
Photo: PCMS
