SINGAPORE (Feb 28): When it comes to robo-advisers, there are a dime a dozen out there.

Investors are spoilt for choice in deciding which platform to help them curate and manage a portfolio.

But DBS digiPortfolio, which was rolled out by DBS Bank on Feb 25, attempts to stand out from the crowd.

According to Lim Soon Chong, managing director and regional head of investment products and advisory at DBS Bank’s consumer banking and wealth management business, many of the robo-advisers out there offer passive investments, such as exchange traded funds (ETFs).

These ETFs are usually US dollar or euro-denominated products as there are few Singapore dollar-denominated ones, he says.

Hence, local investors are exposed to currency and concentration risks.

With DBS digiPortfolio, however, the platform offers a variety of active investments, including equities, bonds and active funds, and not just ETFs, says Lim.

“We believe that over time this particular approach will get alpha or outperformance versus a purely passive approach,” he says.

The set-up process is quite simple for users of DBS digiPortfolio. Investors only have to select the amount they wish to invest and state their risk appetite, following which the robo-adviser will recommend a portfolio accordingly.

These portfolios are constructed by DBS’ investment team and are rebalanced according to changes in investing strategies and market trends.

Users of DBS digiPortfolio will be notified of rebalancing adjustments made to their portfolio.

DBS digiPortfolio is currently available only to DBS wealth clients, but Lim says the robo-adviser is expected to be open to retail investors too by the end of this year.

DBS launches robo-adviser that offers more than just ETFs

Temasek's GenZero invests in At One Ventures' US$375 mil Fund II backing 'disruptive climate tech'

Total value of assets seized in money laundering case now more than $2.8 billion

VTAC proposes business combination with live streaming platform 17LIVE

Data is the new oil but is it as dirty?

'Transition credits' could sweeten deal for early retirement of coal-fired power plants: MAS, McKinsey paper

Trade Stocks, ETFs, Forex and Futures with Phillip Nova:

DBS launches robo-adviser that offers more than just ETFs

Related News

Highlights

Temasek's GenZero invests in At One Ventures' US$375 mil Fund II backing 'disruptive climate tech'

Related News

Analysts are mixed on Singapore banks; RHB remains 'neutral' while PhillipCapital maintains 'buy'

Robo-advisers revolutionise finance

DBS shares its secret to becoming AI-fuelled