Invest for a Sustainable Future, Impact Capital Asset Management

ICAM

Invest for a Sustainable Future

Impact Capital Asset Management

Established in August 2020, Impact Capital Asset Management Pte. Ltd. (ICAM) was conceived by seasoned professionals Deepak Mawandia and Atul Tetambe. Both have accumulated a wealth of knowledge and experience from their extensive tenures in the financial sector. In 2019, ICAM secured its RFMC license and subsequently introduced a technology-centric venture fund. By 2021, with the acquisition of its CMS license, ICAM witnessed steady growth in its assets under management. Presently, ICAM manages a portfolio exceeding USD 1 billion, diversified across various countries. Central to ICAM’s foundation is a commitment to offering a platform singularly dedicated to the best interests of its investor clients. The combined expertise of Deepak and Atul firmly establishes ICAM as a notable entity in the wealth management field.

Thematic (Sector/Industry)

<ul>
<li>Singapore data centers should be understood as constrained infrastructure rather than as a broad technology theme.</li>
<li>The sector sells reliable digital capacity built on power, cooling, connectivity, and resilience, so the economics are driven less by digital demand in the abstract and more by access to scarce physical inputs, execution quality, and operating discipline.</li>
<li>Singapore remains the region’s premium node even as expansion becomes harder.</li>
</ul>


Singapore data centers should be understood as constrained infrastructure rather than as a broad technology theme.
The sector sells reliable digital capacity built on power, cooling, connectivity, and resilience, so the economics are driven less by digital demand in the abstract and more by access to scarce physical inputs, execution quality, and operating discipline.
Singapore remains the region’s premium node even as expansion becomes harder.


Singapore Data Center Primer: Premium Node in a Constrained Market

Multi-Family Office & Asset Management, Phidelis Capital

Phidelis Capital

Multi-Family Office & Asset Management

A buy side firm - a multi-family office & an asset management firm - regulated by the Monetary Authority of Singapore (MAS), holding a Capital Markets Services (CMS) License under the Securities & Futures Act 2001

<ul>
<li>The second edition of Phidelis360 ESG Thematic report assesses  six SGX-listed REITs and business trusts (BTs) — OUE REIT, ESR REIT, CapitaLand India Trust (CIT), AIMS APAC REIT, Far East Hospitality Trust (FEHT), and CapitaLand China Trust (CCT).</li>
<li>These entities were shortlisted from the universe of midcap REITs and BTs  and assessed across four key dimensions - operating and financial performance, ESG assessments, and analyst coverage.</li>
<li>Singapore's S-REIT sector offers a structural backdrop: aggregate market capitalisation of approximately SGD104 billion at end-2025 equates to 10% of SGX's total market capitalisation and 13% of nominal GDP, while average distribution yield of 5.9% exceeds the FTSE Singapore Index's 4.6% and the 10-year government bond yield of 2.1%.</li>
</ul>


The second edition of Phidelis360 ESG Thematic report assesses  six SGX-listed REITs and business trusts (BTs) — OUE REIT, ESR REIT, CapitaLand India Trust (CIT), AIMS APAC REIT, Far East Hospitality Trust (FEHT), and CapitaLand China Trust (CCT).
These entities were shortlisted from the universe of midcap REITs and BTs  and assessed across four key dimensions - operating and financial performance, ESG assessments, and analyst coverage.
Singapore's S-REIT sector offers a structural backdrop: aggregate market capitalisation of approximately SGD104 billion at end-2025 equates to 10% of SGX's total market capitalisation and 13% of nominal GDP, while average distribution yield of 5.9% exceeds the FTSE Singapore Index's 4.6% and the 10-year government bond yield of 2.1%.


Assessing SGX-Listed REITs’ Financial & ESG Performance

The New Standard in Wealth Management, Wealth Management Alliance

Wealth Management Alliance

The New Standard in Wealth Management

WMA is a Singapore-based multi-family office with a Capital Markets Services license and provide fund management and investment advisory services to a small number of global UHNW clients. We also act as incubator for single-family offices, allowing them to plug into our broader ecosystem and infrastructure, and tap on our investment professionals for advice. WMA is designed around providing truly bespoke advice to each client, rather than taking a one-size-fits-all approach that may not fit each client's investment objectives and risk tolerances. On top of that, we are designed so that we avoid any semblance of conflicts of interests by being compensated only by the client (which may include profit sharing), as opposed to the model that many of our peers adopt, which include compensation from a variety of third parties such as funds managers, distributors or banks. That, to us, is the easiest way to be firmly on the side of the client in every decision we make.

<ul><li>In this strategy update, we look at the two new stock indices - the iEdge Singapore Next 50 Index and the iEdge Next 50 Liquidity Weighted Index - released by the SGX on 22 September 2025.</li><li>The two new indices cover the next 50 largest companies listed on the SGX Mainboard, excluding the 30 largest companies by market capitalization (which are covered by the benchmark Straits Times Index, STI).</li><li>The 50 constituent companies are identical for both new indices, but the first is weighted by free-float market capitalization while the second is weighted by turnover to capture the relative liquidity of the constituents.</li></ul>

In this strategy update, we look at the two new stock indices - the iEdge Singapore Next 50 Index and the iEdge Next 50 Liquidity Weighted Index - released by the SGX on 22 September 2025.The two new indices cover the next 50 largest companies listed on the SGX Mainboard, excluding the 30 largest companies by market capitalization (which are covered by the benchmark Straits Times Index, STI).The 50 constituent companies are identical for both new indices, but the first is weighted by free-float market capitalization while the second is weighted by turnover to capture the relative liquidity of the constituents.

<ul>
<li>Over the past five years, Southeast Asia’s e -commerce industry has changed from chasing market share to improving profitability.</li>
<li>Singapore’s advantage in e -commerce lies in its dense logistics network and limited industrial land.</li>
<li>Every online order ends with a digital payment, and this layer generates steady revenue for service providers.</li>
</ul>


Over the past five years, Southeast Asia’s e -commerce industry has changed from chasing market share to improving profitability.
Singapore’s advantage in e -commerce lies in its dense logistics network and limited industrial land.
Every online order ends with a digital payment, and this layer generates steady revenue for service providers.


Singapore

AIMS APAC REIT is a real estate investment trust that invests in and manages a diversified portfolio of income-producing industrial, logistics, and business park properties across the Asia-Pacific region. It provides leasing and rental services for assets used in warehousing, distribution, business park, light industrial, high-tech, and manufacturing activities. The company is headquartered in Singapore and was incorporated in 2006.

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AIMS APAC REIT (AAREIT SP)

Singapore Data Center Primer: Premium Node in a Constrained Market

Singapore data centers should be understood as constrained infrastructure rather than as a broad technology theme. The sector sells reliable...

ICAM

Assessing SGX-Listed REITs’ Financial & ESG Performance

The second edition of Phidelis360 ESG Thematic report assesses six SGX-listed REITs and business trusts (BTs) — OUE REIT, ESR REIT, CapitaLand...

Phidelis Capital

Singapore Equity Strategy: October 2025

In this strategy update, we look at the two new stock indices - the iEdge Singapore Next 50 Index and the iEdge Next 50 Liquidity Weighted Index

Wealth Management Alliance

E -Commerce in Singapore

Over the past five years, Southeast Asia’s e -commerce industry has changed from chasing market share to improving profitability. Singapore’s...

ICAM

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