According to the bank, the new fund is a key initiative resulting from the partnership among DBSAM, DBS Bank and Nikko Asset Management in bringing long-term asset management solutions to the region’s rising affluent.
The DBS Asia Asset Allocator Fund, available exclusively for the DBS customers, will invest in equities, bonds, alternative asset classes and cash, cash equivalents and/or money market funds.
DBS said that the Asia Asset Allocator Fund will be managed by its asset management unit DBSAM, who will in turn be advised by DBS, as asset allocation investment adviser.
Nikko Asset Management Singapore (NAMS), a subsidiary of Tokyo-based Nikko AM, as investment advisor on stock selection for Asian equities and where the fund invests in unit trusts managed by third-party fund managers.
NAMS will assist DBSAM in the selection and review of these funds and third-party fund managers.
DBSAM CEO Deborah Ho said that 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.
