Singtel and UOB Asset Management (UOBAM) have launched digital adviser UOBAM Robo-Invest on Singtel's Dash mobile wallet.
According to a joint press release announcing the launch on Dec 21, Dash customers can start investing with UOBAM Robo-Invest from as low as $1, with annual advisory rates ranging between 0.60% to 0.80%. Portfolios can be customised based on customers’ respective risk profile, aggregate financial goals and investment horizon.
UOBAM Robo-Invest currently offers two portfolio options – the Global and Global Impact portfolios that invest in a combination of actively-managed funds and passively-managed exchange-traded funds across various industries and geographies.
In particular, UOBAM’s Global Impact portfolio is designed for customers seeking to grow their wealth sustainably. It provides them with investment opportunities in companies that integrate environmental, social and governance (ESG) considerations into their strategies and operations.
“We hope to democratise finance by harnessing technology to offer an inclusive suite of high quality services. This new investment service delivers on our commitment to make it simple, affordable and convenient for Dash customers to manage their finances and build their wealth. Customers can also tap on the investment expertise of an asset manager with a strong track record of optimising returns,” says Gilbert Chuah, head of financial and lifestyle services at consumer Singapore, Singtel.
“We look forward to working with UOBAM as well as other established ecosystem partners to introduce more relevant and related financial and lifestyle products on Dash in the coming months,” he adds.
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To register for UOBAM Robo-Invest, Dash customers have to first set up a UOBAM investment account within Dash which will be used to hold the investment capital.
Customers can top up the account through eNETS or PayNow. The top-up mode will also be extended to include auto deduction via the Dash wallet by the 1Q2022.
As at 12.11pm, Singtel shares are trading flat at $2.34.
Cover photo: Singtel
