The DBS Asia Asset Allocator Fund is being launched jointly by DBSAM, DBS Bank and Nikko Asset Management Singapore, a subsidiary of Tokyo-based Nikko AM.
DBS will work as asset allocation adviser specifically on the fund’s asset allocation on a quarterly basis, while Nikko AM will act as investment adviser on stock selection for Asian equities and, where the fund invests in unit trusts managed by third-party fund managers, Nikko AM will assist DBSAM in the selection and review of these funds and third party fund managers.
The fund will invest in equities, bonds, alternative asset classes and cash, cash equivalents and/or money market funds. During times of market stress, the fund will have the flexibility to hold higher levels of cash or instruments that DBSAM deems to be cash-like in nature.
Deborah Ho, chief executive officer of DBSAM, said: “The DBS Asia Asset Allocator Fund will tap into global investment opportunities while having up to half of its allocation in Asia on the premise that this region has led the global economic recovery, with its strong economic fundamentals.”
The minimum initial investment for the fund is SGD 50,000. The DBS Asia Asset Allocator Fund is available at DBS Treasures as well as selected DBS and POSB branches in Singapore.
