DBS Private Bank sees rise in demand for in-house investments

Assets in this category experienced a jump to $10b in less than three years.

DBS Private Bank announced a surge in client demand for in-house management investment products.

Client assets under management experienced a jump to $10b over the past year alone. 

Two products, in particular, the DBS I.D.E.A Fund and DBS ESG Focus Note, raised a total of $550m since their inception in July. 

Hou Wey Fook, CIO at DBS Bank, described these developments as the result of their current advocacy of investment strategies.

“We have been advocating our ‘Barbell’ and ‘I.D.E.A.’ investment strategies to our clients for some time, as a means to identify the potential winners in today’s fast-changing world. Our views have earned their confidence, which led us to take things further and create bespoke portfolio solutions that employ these strategies, so our clients can easily and conveniently invest in them. The aim of developing in-house managed products is to complement the diligently selected suite of third-party mutual funds on our platform, ultimately availing a more holistic offering for our clients.”

Previously, the company’s first in-house managed investment product was the DBS Global Income Note, a fixed income solution that aims to provide stable income and has had a yield of 7%. DBS CIO Barbell Strategy Portfolio followed next and had a 33% return.

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