Any idea if the newly launched OCBC allianz sgd income fund is a good buy for people interested in dividend investing?

FACTS

No. because when you buy a Fixed income UT, it will payout Fixed amount every month base on number of unit you hold, regardless how the UT price fluctuate. Fixed income that contain BB & above bonds normally yield between 3 - 4% dividend p.a.

Thing to take note fixed income UT price tend to remain stagnent (no growth) so dont expect amazing capital appreciation.

Alternatively there is some Equity UT, that also pay out monthly dividend. However the DPU for every month varied, good thing is the UT price will appreciate over time.

OPINON

As a income investor:

i bought individual SG Reits, banks, Equity UT (monthly payout)

Reasons: Staggering the stocks enable you to get payout most of the month, while there will be still some month where you have no $$$, UT will fill the gap.

Is true, management fee slow the growth of the UT, but SG stocks is boring anyway.

For a growth investor, we can buy 1 ETF to diversify risk, but income investor is different we need to hold several individual income generating instrument. Because dividend is not guaranteed. Eg. cLR.SI normally pay 2x a year, but this year they only paid once, if you just own 1 ETF you are screwed.

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1% annual fee is still high.

fixed income (here 70%) investing

has it's critics in these low interest times.

distibuted dividends are not guaranteed.

A REIT ETF (I personally like Lion Philipp S-REIT ETF because it has the highest true Singapore exposure) could serve Your needs better.