The robo-adviser is available on Singapore telecommunications company Singtel’s all-in-one mobile payments app, Dash.
The tool aims to build a “personalised, dynamic portfolio based on investor’s risk profile, aggregate financial goals and investment horizon”, according to a joint statement by Singtel and UOBAM.
“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,” said Gilbert Chuah, head of financial and lifestyle services at consumer Singapore, Singtel.
“Customers can also tap on the investment expertise of an asset manager with a strong track record of optimising returns.”
The minimum investment amount with UOBAM Robo-Invest is S$1 ($0.13), with annual advisory rates of 0.60% to 0.80%.
Portfolio options
UOBAM Robo-Invest currently offers two exclusive portfolio options, namely the global and global impact portfolios, that invest in a combination of actively-managed funds and passively-managed exchange-traded funds across industries and geographies.
The UOBAM’s global impact portfolio invests in companies that integrate ESG considerations into their strategies and operations for customers who would like to grow their wealth in a sustainable way.
According to a recent survey by the asset manager, eight out of 10 respondents in Singapore want to invest in more ESG-focused products to help create a positive impact on the environment or society while achieving financial returns.
To register for the digital adviser, Dash customers have to first set up a UOBAM investment account within the e-payment platform which will be used to hold the investment capital.
First launched in 2018, Dash provides a range of financial services ranging from payments, mobile remittance, insurance, and savings to investments to Singaporeans.
The platform currently has around 1.2 million users and is available to everyone regardless of telco or banking relationship.
Headquartered in Singapore, UOBAM has S$37.7bn of AUM and a presence across nine Asian markets.
