GXS Bank launches GXS Invest

Customers can invest in the Fullerton SGD Cash Fund (Class G) from as low as S$1.

GXS Bank has officially launched GXS Invest, its digital investment solutions suite.

GXS Invest will offer the Fullerton SGD Cash Fund (Class G), a money market fund, which has over 15 years of stable returns, the bank said.

The Singaporean digital bank said that it chose to launch with a money market fund “for its simplicity, which would make it easy for both new and experienced investors to understand.”

“As a low-risk investment product, a money market fund also addresses the needs of the three in five GXS Bank customers who say they are seeking a more conservative risk approach to investing,” according to a press release.

“Over the next 12 months, we will continue to add to the suite of funds in GXS Invest to address our customers’ different investment needs,” said Jenn Ong, group head of retail at GXS Bank.

GXS Invest is available to all GXS savings account holders, who can start investing in the Fullerton SGD Cash Fund (Class G) from as low as S$1.