Diversified (Balanced) Portfolio
A specialized portfolio designed for professionals subject to Personal Investment Policies (PIPs). Built to maintain compliance while pursuing balanced growth across global markets.
For professionals with investment restrictions (e.g., accounting, consulting, banking, asset management)
Many professionals in accounting, consulting, banking, and asset management are subject to employer Personal Investment Policies (PIPs) that limit holdings in any single company to 10% of their portfolio. This portfolio is specifically designed to maintain compliance with such restrictions while still pursuing meaningful growth. Because it must stay within the 10% rule, fund selection may change more frequently than our Core Portfolios as certain funds become ineligible.
Portfolio Snapshot
Understanding the Numbers
The Diversified (Balanced) Portfolio has been backtested since July 2007. It has weathered the 2008 Global Financial Crisis, the China slowdown, the COVID-19 crash, and the 2022 bear market - over 18 years of real market conditions spanning multiple economic cycles.
If you had invested SGD 100,000 into this portfolio at inception and held it until now, it would have grown to around SGD 229,000. That represents a 129% total return - more than doubling your investment while maintaining compliance with PIP restrictions.
The portfolio grew at an average rate of 4.60% per annum. While this may appear modest compared to unrestricted portfolios, this return was achieved while maintaining the 10% single-company limit required by many employers. The power of compounding over 18 years turned SGD 100K into SGD 229K.
The portfolio has a volatility of 13.75%. This is higher than our Core Conservative portfolio but reflects the global equity exposure needed for growth. In practical terms, you should expect significant fluctuations year-to-year, but the 18-year track record shows all 10-year periods have been positive.
Portfolio Composition
| Fund Name | Weight | |
|---|---|---|
| Developed Markets Core | 50% | |
| World Equity Growth | 40% | |
| Multi-Asset Income | 10% |
Note: Fund names are masked for public display. Full fund details are available to clients.
Investment Availability
This portfolio can be invested using:
Note: This portfolio is not CPF-eligible because two of the underlying funds (representing 60% of the portfolio) are not approved for CPF investments.
2025 Performance
Historical Performance
Based on a hypothetical SGD 100,000 lump sum investment with no sales charge.
| Time Period | Start Date | Total Return | Annualized |
|---|---|---|---|
| 1 Year | 30 Dec 2024 | +13.87% | 13.87% p.a. |
| 3 Years | 23 Dec 2022 | +65.41% | 18.22% p.a. |
| 5 Years | 23 Dec 2020 | +53.78% | 9.01% p.a. |
| 10 Years | 01 Jan 2016 | +139.89% | 9.13% p.a. |
| 15 Years | 04 Mar 2011 | +225.17% | 8.25% p.a. |
| Since Inception | Jul 2007 | +129.30% | 4.60% p.a. |
Rolling Period Returns Analysis
Rolling returns measure performance across all possible holding periods of a given length, showing what investors typically experienced regardless of when they started.
| Holding Period | Min Return | Max Return | Median Return | Mean Return | Win Rate | Periods |
|---|---|---|---|---|---|---|
| 1 Year | -46.47% | +64.82% | +8.57% | +6.19% | 71.8% | 4,472 |
| 3 Years | -14.90% | +20.28% | +6.82% | +6.39% | 91.4% | 3,968 |
| 5 Years | -8.17% | +15.37% | +8.06% | +7.02% | 92.7% | 3,464 |
| 10 Years | +0.69% | +11.31% | +7.31% | +7.06% | 100.0% | 2,204 |
| 15 Years | +2.27% | +8.51% | +7.36% | +6.35% | 100.0% | 944 |
Major Market Drawdowns
How the portfolio performed during significant market stress:
The worst drawdown in portfolio history, occurring during the 2008-2009 Global Financial Crisis. The portfolio lost over half its value as global equity markets collapsed. However, patient investors who stayed the course eventually recovered all losses and went on to new highs.
Sharp pandemic-driven sell-off with an extremely rapid decline. The portfolio fell nearly a third in just 26 days. However, the recovery was equally swift - the fastest among all major drawdowns, taking only 5 months to return to previous highs.
Post-pandemic correction driven by inflation concerns and aggressive interest rate hikes. Both stocks and bonds fell together, creating a challenging environment for balanced portfolios. The recovery took about 17 months.
A sharp but brief correction. The portfolio dropped nearly 17% in just 5 days but recovered within 3 months, demonstrating the typical volatility pattern of global equity exposure.
Calendar Year Returns
| Year | Return |
|---|---|
| 2025 | +13.87% |
| 2024 | +21.60% |
| 2023 | +20.04% |
| 2022 | -23.58% |
| 2021 | +20.88% |
| 2020 | +16.43% |
| 2019 | +20.63% |
| 2018 | -9.63% |
| 2017 | +13.37% |
| 2016 | +8.59% |
| 2015 | +1.80% |
| 2014 | +9.17% |
| 2013 | +22.25% |
| 2012 | +7.62% |
| 2011 | -4.61% |
| 2010 | +1.10% |
| 2009 | +23.05% |
| 2008 | -40.04% |
| 2007* | -8.14% (Partial year) |
Explore Other Portfolios
Not subject to a Personal Investment Policy? Our Core Portfolios may be a better fit:
Subject to a Personal Investment Policy?
Let's discuss whether this portfolio is suitable for your situation and restrictions.
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This page is for educational purposes only. Past performance does not guarantee future results.
All returns are based on historical backtesting using actual fund prices. Performance is calculated on a bid-to-bid basis with 0% sales charge, net of annual fund management charges. Results assume a buy-and-hold strategy with no rebalancing.
This portfolio is designed for clients subject to Personal Investment Policies (PIPs). Fund selection may change over time to maintain compliance with the 10% single-company limit. Please verify with your employer's compliance team whether your PIP applies to these investments.
Portfolio values fluctuate with market conditions. Investors should consider their risk tolerance and investment horizon before making any investment decisions. Please conduct your own due diligence and consult a licensed Financial Consultant.
Data as of 30 December 2025.