MariBank has introduced Mari Invest Gold, a pioneering investment option that enables customers to invest in the LionGlobal Singapore Physical Gold Fund with a minimum investment of just S$1. This initiative marks MariBank as the first digital bank in Singapore to offer such an accessible entry point into the gold market.
The new fund, available exclusively to MariBank customers, is managed by Lion Global Investors and offers a unique unit class, Class MariBank SGD Hedged (Acc). The fund invests in physical gold bars with a purity of at least 99.5%, securely stored in Singapore vaults. Standard Chartered Bank Singapore acts as the custodian, ensuring the secure storage of these assets. The fund’s performance is aligned with the London Bullion Market Association (LBMA) Gold Price AM, a standard benchmark for daily gold prices.
Mari Invest Gold is part of MariBank’s expanding suite of investment products, which includes Mari Invest SavePlus and Mari Invest Income. Since its inception, approximately 30% of MariBank’s clientele have engaged with its investment offerings. The bank’s CEO, Natalia Goh, highlighted the strategic partnership with Lion Global Investors, stating, “Our latest partnership with Lion Global Investors to launch Mari Invest Gold extends the timeless appeal of gold to a new generation of digital investors.”
Lion Global Investors’ CEO, Teo Joo Wah, expressed enthusiasm for the collaboration, noting the shared vision of making physical gold accessible to retail investors and contributing to Singapore’s status as a financial and gold hub.
With this launch, MariBank continues to innovate, providing simple and reliable banking solutions tailored to meet evolving customer needs.
