DBS Bank Launches CIO Barbell Income Fund for Retail Investors in Singapore
Retail investors in Singapore can now buy into the new Amundi Asia Funds - CIO Barbell Income Fund, which adopts the DBS CIO Barbell Strategy of investing in both income-generating investments and growth stocks aligned with long-term secular themes. Previously only available to accredited investors, retail investors can now benefit from the stability of income-generating assets, while accessing the best global growth opportunities.
The Fund is unique to DBS as it mirrors the DBS Chief Investment Office (CIO)'s high-conviction investment calls. Investors will just need to invest a minimum of SGD1,000, pay an initial sales charge of 0.82%, and are not subjected to a lock-in investing period.
Said Hou Wey Fook, Chief Investment Officer at DBS Bank: "Uncertainty looks set to remain in the foreseeable future, as the world continues to grapple with a myriad of challenges including the pandemic, geopolitical tensions and inflationary pressures, among others. Rising inflation and low rates will diminish consumer spending power in the years to come, which reinforces the need for customers to actively invest and grow their wealth. When investors start investing isn't as important as how long they stay invested, and there's no time like the present. In this new normal, it is important that they adopt a multi-asset, Barbell portfolio approach with underlying best-in-class companies."
The CIO Barbell Income Fund is available for DBS/POSB retail and DBS Treasures customers to purchase via internet banking and soon through the DBS/POSB digibank app. The CIO Barbell Income Fund is managed by Amundi with DBS CIO as the investment advisor, and will be exclusively distributed by DBS.
Albert Tse, Amundi's CEO for South Asia said:"This offering plays a part in meeting the needs of investors who are not only looking for sources of income, but also capturing best growth opportunities globally. The collaboration between DBS Bank and Amundi signifies a mutual meeting of the minds and an innovative spirit in developing solutions relevant in today's market environment, and addresses the needs of DBS Bank's clients in Singapore and other parts of Asia."
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