DBS (SGX:D05) and POSB customers can now invest in the DBS CIO Target Maturity Fund 2027, managed by BlackRock, Singapore Business Review reported Wednesday.
The fund, comprising over 50 investment-grade bonds maturing in 2027, aims to deliver higher returns than cash or money market funds over three years and offers regular payouts.
Minimum investment starts at SG$1,000 or $1,000, with a 0.6% annual management fee. The initial offer period ends Aug 12, with a possible extension to Aug 26.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Price (SGD): S$36.65, Change: S$-0.09, Percent Change: -0.24%
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