Discretionary portfolios
Most of Syfe Portfolios are discretionary portfolios which Syfe manages on a full discretionary basis. This means that when you select any such portfolios, you grant Syfe full authority, on your behalf, to invest in any investments which we in our discretion consider advisable.
As part of our discretionary authority, we may at any time re-optimise the portfolios and each portfolio may have a different re-optimisation strategy.
For example, Core portfolios are re-optimised in accordance with our asset allocation risk budgeting strategy and optimised exposure to smart beta factors that maximises the long-term risk-adjusted returns for the respective core portfolios. You may refer to this article on how the different portfolios are re-optimised.
Additionally, all discretionary portfolios are automatically rebalanced on a periodic basis back to its target asset allocation to address portfolio drifts which result from market movements.
Non-discretionary portfolios
Apart from discretionary portfolios, Syfe currently also offers non-discretionary portfolios. They are:
Income+ portfolios
The Income+ portfolios (cash-funded or SRS-funded) are provided on a non-discretionary basis. Unlikely a discretionary portfolio, Syfe does not have full discretion to change the constituents and their allocation. When you invest into the Income+ portfolio(s), you agree with the initial target asset allocation and the original constituents and any changes to these would require your consent.
As part of our periodic re-optimisation process, Syfe may recommend changes to the Income+ portfolios to adjust the portfolio holdings according to current market conditions. The process uses PIMCO’s forward-looking views, based on credit spreads, yields, economics forums, and proprietary optimization process to identify the most attractive investments and to adjust the portfolio according to changing market conditions. This enables the portfolios to adapt to changing market conditions and provide the best returns and income.
While you are not obliged to accept the recommendation(s) made by us on these changes and can continue to retain the portfolio in its current allocation, we encourage clients to follow the recommendation(s) to adapt their Income+ portfolios to changing market conditions and optimise their returns with the revised portfolio allocations.
Syfe does however automatically rebalance the Income+ portfolios on a periodic basis back to its target asset allocation to address portfolio drifts which result from market movements.
Core Equity100 (SRS)
Similar to Income+, the SRS-funded version of Core Equity100 is provided on a non-discretionary basis due to the use of SIPs in its composition. When you invest into the Core Equity100 (SRS) portfolio, you agree with the initial target asset allocation, the original constituents, but any subsequent changes to these would require your consent.
As part of our periodic re-optimisation process, Syfe may recommend changes to adjust the portfolio holdings according to current market conditions. While there's no obligation to accept the recommendation(s) and clients can continue to retain the portfolio in its current allocation, we encourage clients to follow the recommendation(s) to adapt to changing market conditions and optimise returns.
Syfe does automatically rebalance the Core Equity100 (SRS) portfolios on a periodic basis back to its original target asset allocation to address portfolio drifts which result from market movements. There's no action required from clients as consent has already been provided.
Select Custom portfolio
This allows you to build your own portfolios from a curated list of over 100 best-in-class ETFs. This means that a Custom portfolio is constructed and managed solely by you. Unlike other portfolios constructed by Syfe, we do not review, change, or rebalance your Custom portfolio(s).
