Capital Group, a leading global investment manager, has partnered with DBS to offer Singaporean investors a simplified entry into the world of stocks and bonds. From 13 October, DBS/POSB customers can invest in the Capital Group American Balanced Fund (LUX) (AMBAL) through Class U1 fdxm, a share class with a 0% upfront sales charge available for a limited time.
The collaboration aims to lower investment barriers for retail investors by providing access to a globally diversified, actively managed strategy. Jeik Sohn, Head of Singapore and Southeast Asia Client Group at Capital Group, highlighted the importance of encouraging long-term investing habits, noting that idle cash can be eroded by inflation and represents missed growth opportunities. “We’re proud to offer local investors access to our AMBAL fund, part of a time-tested strategy with nearly five decades of consistent performance,” Sohn stated.
James Tan, Group Head of Investment Products and Advisory at DBS Bank, emphasised the initiative’s significance for younger investors who may find investing daunting. “Launching AMBAL reflects our commitment to offering trusted, time-tested investment solutions,” Tan said.
The AMBAL fund, managed by a team of 12 portfolio managers with extensive experience, focuses on capturing US market growth whilst preserving capital. With a minimum investment of S$1,000 and a 1.15% annual management fee, the fund offers a balanced approach to investing. The initiative underscores the commitment of both Capital Group and DBS to providing world-class investment solutions to Asian investors.
