DBS sees record wealth management fees
DBS Group said growth in its wealth management business was driven largely by high investment product sales.
The MAMG Alpha Capital & Income Opportunities fund has been launched in Malaysia.

Fidelity International and Maybank Asset Management have partnered to launch a new multi-asset fund in Malaysia, the MAMG Alpha Capital & Income Opportunities fund.
The multi-asset fund is designed to enhance diversification and deliver income and capital growth.
The new fund feeds into Fidelity International’s FAST – Maybank Alpha Capital & Income Opportunities fund, which was launched in Singapore earlier this year.
Hisham Hamzah, chief executive officer of Maybank Asset Management Malaysia, said: “This partnership with Fidelity International represents a major step forward in our dedication to providing innovative investment solutions that are tailored to the specific needs of our clients.”
“The MAMG Alpha Capital & Income Opportunities fund is designed to combine global expertise, delivering market-leading opportunities that enhance wealth but also provide protection across different market cycles.”
The fund will be available exclusively to Maybank clients.
DBS Group said growth in its wealth management business was driven largely by high investment product sales.
This week FSA provides a quick comparison of two US High Yield bond funds: the Allianz US High Yield fund and the Amundi US High Yield Bond fund.
ETF and ‘index solution’ products attracted the biggest inflows at €24bn.