The deal extends the collaboration between the firms for DBS to distribute Capital Group funds.
![](https://s34456.pcdn.co/wp-content/uploads/2021/05/bonds-640x360.jpg.optimal.jpg)
The deal extends the collaboration between the firms for DBS to distribute Capital Group funds.
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The fund adopts the DBS CIO Barbell Strategy, a product of DBS Private Bank with over S$3bn ($2.2bn) in AUM.
The bank’s chief investment office favours gold and private assets for the second quarter of this year.
Loh Thim Mun Marcus was found to have transferred clients’ money to his personal account.
The bank said it was restoring “a trend of consecutively higher earnings” as the effects of the pandemic ease.
The bank has to stump up an additional S$930m ($692.5m) in regulatory capital.
DBS said it will stay overweight US and European equities due to negative real rates and elevated equity risk premium (ERP).
Part of the Mark Allen Group.