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RETAIL BANKING | Staff Reporter, Singapore

DBS extends hybrid human-robo investment portfolio to retail investors

They can access four to seven ETFs with a minimum investment sum of S$1,000 or US$1,000.

DBS Bank has expanded the reach of its hybrid human-robo investment portfolio digiPortfolio to retail investors for early access until 30 September, according to a press release.

Also read: Banks rev up robo-advisory push in Singapore

The investment service offers a collection of four to seven Exchange Traded Funds (ETFs) representing 200 to 13,000 holdings in a single transaction.

Two portfolio options are available. The Asia Portfolio comprises SGX-listed ETFs and requires a minimum investment sum of $1,000, whilst the Global Portfolio allows access to UK-listed ETFs for a minimum of US$1,000. It charges an annual management fee of 0.75% for portfolio construction, monitoring and rebalancing services. Portfolios can have risk levels ranging from "Slow n steady," "Comfy cruisin," to "Fast n furious."

digiPortfolio was first launched in March to wealth customers.

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