GXS Bank has unveiled GXS Invest, a new digital investment platform aimed at simplifying wealth-building for individuals. This launch introduces the Fullerton SGD Cash Fund (Class G), a money market fund managed by Fullerton Fund Management, part of Temasek Holdings. The initiative is designed to cater to those seeking conservative, low-risk investment opportunities.
GXS Invest is accessible to all GXS Savings Account holders, allowing investments starting from as low as S$1. The platform offers flexibility with no transaction fees or lock-in periods, enabling users to buy or sell investments anytime via the GXS Bank App. Additionally, eligible customers investing in the Fullerton SGD Cash Fund through GXS Invest receive complimentary group personal accident insurance, covering up to three times their investment, capped at S$100,000.
Jenn Ong, Group Head of Retail at GXS Bank, highlighted the platform’s alignment with customer needs, stating, “Whether you are a new investor or a seasoned investor looking for a simple, low-risk investment vehicle as part of your overall financial portfolio, GXS Invest is designed for you.”
Mark Yuen, Chief Business Development Officer at Fullerton Fund Management, expressed enthusiasm for the collaboration, noting, “The Fullerton SGD Cash Fund, an award-winning fund designed to deliver both liquidity and attractive returns, aligns seamlessly with GXS’s mission to empower everyday investors.”
GXS Bank plans to expand the range of funds available on GXS Invest over the next 12 months, further diversifying investment options for its customers.
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