DBS digiportfolio

[WoShiPro]

Is this a new product? Was offered to me when I login to ibanking today.

Reading the FAQ and it seem to be like robo investing just that allocation is done by a team instead of the algorithms.

2 types of digiportfolio
1) digiportfolio based on UT for Dbs treasures client
https://www.dbs.com.sg/treasures/investments/product-suite/digital-platform/dbs-digiportfolio
2) digiportfolio based on ETF for retail customers
https://www.dbs.com.sg/personal/investments/other-investments/dbs-digiportfolio

 

[eD1s0n]

just saw it today too. seems like its using UT instead of ETFs though, so the costs like quite high.

 

[intime]

Seems like it is not available for commoners like me...
Need at least treasures status and access to iwealth platform.

 

[dexboi]

Two Portfolios available:

• Global Portfolio Factsheet (Minimum $1,000)

• Global Portfolio Plus Factsheet (Minimum $10,000)

- FAQs about DBS digiPortfolio
- TnCs

 

[WoShiPro]

Available to retail customer soon.

Seems like there 2 different products? Available to Retail/Treasures investors?
Retail invest etf and treasures invest in UT?

No information on which ETF they're using for global portfolio yet(Vanguard, Ishares, SPDR, others?. 1 thing to note is the global portfolio invest in UK based ETF which will not have 30% dividend tax unlike other robo that invest in US based ETF.

https://www.dbs.com.sg/personal/inv...:cbg:dbs:soc:own:eng:ls:tbw:communities:na:na

 

[assiak71]

0.75% ...... when will they realise it has to be 0.50% or less

 

[Han Shot First]

0.75% ...... when will they realise it has to be 0.50% or less

It is 0.75% because DBS realises it can make more money at 0.75% than at 0.50% or less.

DBS does not need to lower the cost / expense because DBS does not need the business from those investors searching for low expenses. When DBS can easily fleece the suckers willing to pay high expenses because the latter prefer "convenience" and prefer "investment advisors" to hand hold and manage their money (for a recurring annual fee) for them.

Anyway, the "DBS digiPortfolio" is a fund of funds. So there are multiple layers of fees (to be paid by potential investors). The 0.75% fee is only the annual management fee paid directly to DBS. The other fees are not mentioned or detailed (intentionally by DBS) to give the impression that DBS has lower costs than other robo-advisors operating in Singapore.

 

[intime]

I just double checked digiportfolio on treasures website, they are still using unit trusts.

But for this retail, they use etfs? Why the diff?

 

[spiralstorm]

I just double checked digiportfolio on treasures website, they are still using unit trusts.

But for this retail, they use etfs? Why the diff?

ETF = passive fund tracking an index
UT = active fund managed by portfolio managers and they can conduct various forms of investment strategies

 

[TheAlphaLion]

I just double checked digiportfolio on treasures website, they are still using unit trusts.

But for this retail, they use etfs? Why the diff?

ETFs have lower fees.

 

[intime]

The retail faq is so short...
Didn't say whether can top up or not.

 

[WoShiPro]

Received email from DBS that it be launch in November

 

[CaptainWu]

My email says launch in October.

 

[WoShiPro]

My email says launch in October.

This is my email.

We have received your registration for access to invest in our ETF-based digiPortfolio.

As a DBS Treasures client, you have privileged access to the unit trust-based digiPortfolios via DBS iWealth.

As ETF-based digiPortfolios will only be launched in November via digibank, we have taken note of your interest and will notify you a day or two before it launches, so please look out for the email.

Until then, sit back and relax. It’s something you’ll be doing a lot with digiPortfolio.

Seems like only retail customer get early access even though I registered.

 

[CaptainWu]

That's mine one. May be Retail faster


Thank you for registering for early access to invest in digiPortfolio.

We’re pleased to let you know that you’ll be the first members of the public to enjoy access to digiPortfolio in October.

We know you can’t wait to get started. That’s why we’ll be sending you an email a day beforehand, as we activate access progressively, with details on how to navigate the platform. Of course, we’ll show you how to set up your very first digiPortfolio.

You can expect a little treat from us in our next email. In the meantime, sit back and relax - digiPortfolio will be ready for you real soon.

This is my email.

We have received your registration for access to invest in our ETF-based digiPortfolio.

As a DBS Treasures client, you have privileged access to the unit trust-based digiPortfolios via DBS iWealth.

As ETF-based digiPortfolios will only be launched in November via digibank, we have taken note of your interest and will notify you a day or two before it launches, so please look out for the email.

Until then, sit back and relax. It’s something you’ll be doing a lot with digiPortfolio.

Seems like only retail customer get early access even though I registered.

 

[YouHeypiCanLiao]

It is 0.75% because DBS realises it can make more money at 0.75% than at 0.50% or less.

DBS does not need to lower the cost / expense because DBS does not need the business from those investors searching for low expenses. When DBS can easily fleece the suckers willing to pay high expenses because the latter prefer "convenience" and prefer "investment advisors" to hand hold and manage their money (for a recurring annual fee) for them.

Anyway, the "DBS digiPortfolio" is a fund of funds. So there are multiple layers of fees (to be paid by potential investors). The 0.75% fee is only the annual management fee paid directly to DBS. The other fees are not mentioned or detailed (intentionally by DBS) to give the impression that DBS has lower costs than other robo-advisors operating in Singapore.

Are you from dbs??

Posted with my bff’s ham phone HardwareZone Forums app

 

[intime]

This is my email.

We have received your registration for access to invest in our ETF-based digiPortfolio.

As a DBS Treasures client, you have privileged access to the unit trust-based digiPortfolios via DBS iWealth.

As ETF-based digiPortfolios will only be launched in November via digibank, we have taken note of your interest and will notify you a day or two before it launches, so please look out for the email.

Until then, sit back and relax. It’s something you’ll be doing a lot with digiPortfolio.

Seems like only retail customer get early access even though I registered.

Priviledged access...
Retail customers like me not high ses enough to get unit trust robo.

 

[WoShiPro]

Priviledged access...
Retail customers like me not high ses enough to get unit trust robo.

I don't want to invest in their UT portfolio thou..

 

[articland05]

jin satki menz
so many treasures ppl here

 

[5408854088]

seems that this digiPortfolio on DBS iWealth is for Unit Trust only

https://www.dbs.com.sg/treasures/investments/product-suite/digital-platform/dbs-digiportfolio