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September 3, 2019

DBS extends robo platform digiPortfolio to retail investors

Singaporean lender DBS has extended the availability of its hybrid human-robo investment offering digiPortfolio to its retail investors.

The robo-platform includes two portfolio options, namely Asia Portfolio and Global Portfolio.

The Asia Portfolio and Global Portfolio allow access to Singapore Exchange (SGX)-listed ETFs and UK-listed ETFs, respectively.

Through the Asia Portfolio, investors can get exposure to Singapore, China and India while the Global Portfolio option offers exposure to the US, Europe, and Asia (ex-Japan).

The minimum investment requirement in the Asia Portfolio is S$1,000 ($717.6), while that of the Global Portfolio is $1000.

Both are options are available in different risk levels to suit the varied risk appetites of investors.

Investors have to pay a flat annual management fee of 0.75% for the service.

The robo-platform was launched earlier this year for the bank’s wealth clients.

DBS Bank head of consumer banking group (Singapore) Jeremy Soo said: “DBS digiPortfolio is part of a holistic view we take towards financial planning and personal investing.

“Our broader goal is to provide customers with the right tools and knowledge that will allow them to achieve all of their life goals.

“With DBS digiPortfolio, we lowered the barriers to personal investing by creating a portfolio accessible to all customers, and that is watched over by our experienced investment specialists and adjusted to remain optimal in changing market conditions.”

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