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HeyAnna administrators [AMA closed! Read our responses] We are product managers working in the DBS Funds team. AMA!
This week, as part of our Fund Facts segment, the communities team have brought over some friends over from the DBS Funds team to answer YOUR burning investment questions.
Ask me anything about…
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Unit trusts or investing in general
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How a human-robo-advisor like digiPortfolio works
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How DBS focus funds are selected
This AMA will be going on throughout next week, Monday, 2 August to Sunday, 8 August. Ask as many questions as possible - the community team will pick the 10 most thoughtful ones* to receive a S$10 eCapitaVoucher from us at the end of the AMA period.
PMs will be answering your burning questions using the @DBS handle! Keep a look out for it and... fire away!
This AMA is intended to be an informative and educational session for members of The Burrow to learn from a topic expert at DBS. Questions can be submitted via this thread and will be answered at any time between 2 - 8 August (when thread officially closes). Do note that Original Poster (OP) will not be addressing questions on financial advisory/stock picks and/or queries of a similar nature. Community Managers reserve the right to remove any questions that are not relevant and/or defamatory at their own discretion. Please refer to the Community Group Rules as a guideline.
**Community Managers reserve the right to select 10 questions at their own discretion to receive a S$10 eCapitaVoucher, based on clarity and usefulness of question asked.
Replies
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Thanks again for participating, y'all! To the winners tagged here, please check your email cause we started sending out the vouchers. For those that haven't gotten emails, do ensure you send in that email to [email protected] asap so we can get you your prize.
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A huge THANK YOU to our DBS Funds Team for popping by last week to spend some time with the community and provide their insightful responses to investing in general, as well as DBS products.
Tagging @msixism @EdwinLee @Meaning @Kg @Alphaalpha @Heidi @sjh1993 @brownbear32 @Marcus @huilin - do email us at [email protected] by 20 Aug 2021 with your bank-registered email address and community username. In the meantime, do ensure that you've also completed our community identification form: go.dbs.com/community-identify
We look forward to hear from you!
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Hi @kg Thank you for your interest in what we do! There are a number of key responsibilities within the Funds family such as the researching of funds, communicating our views and looking after the ease our digital client journeys. The common objective that unites us all is to provide value to you, our DBS investor.
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Hi @heidi when you buy or sell from the USD based global digiPortfolio, the investment sum or proceeds will be done in USD. If you wish to convert your SGD to USD, that can be done within your multi-currency account.
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Hi @alphaalpha, we do indeed have funds that are domiciled in Ireland amongst other countries. Do have a look at our fund search function on our website for the list of funds we offer.
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All usa unit trust have 30% estate duty tax,do you have Ireland domiciled unit trust?If no ireland unit trust,please give a ranking table of estate duty for the DBS universe of unit trusts from highest to lowest estate duty.
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@meaning Hi Meaning, before you invest, you should aside some emergency savings and be sufficiently protected. Uncover your commitments (current and future) and understand the product you are about to invest. You may also consider your investment preferences. With a better foundation, you may be able to accept a little more risk if this is meant for long term investment. Do take a step back to understand yourself, since nobody knows you like you do.
A great digital tool that can help you do this would be our DBS NAV Planner. NAV Planner, available at no charge on DBS digibank can serve to guide you and help you uncover your investment preferences. At the same time, it would also throw out some relevant ideas for your consideration that fits your profile.
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@heidi Hi Heidi, general investing approach and investment selection are very personal, regardless of citizenship status. However, you may wish to consider the currency (eg. SGD or your domestic currency), and liquidity (eg. long-term vs short-term) of the investments before putting your money in, based on your circumstance. Different duration or certainty of stay here may deviate your choice of investment. There may also be tax implication, which you may need to consider as well. Hopefully we are not daunting you here.
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Regarding DBS digiportfolio (global), I understand that my S$1.3K~ will be converted to 1KUSD.
in the future, when I want to withdraw (I have e-multicurrency account), can I keep my money as USD or it will be auto-converted back to SGD?
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How does the funds team operate?
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Do investing options considerably change for singaporean investors vs foreign investors like me?
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@Heidi Answers will be shared right here for everyone's open learning!
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How do I know if I am too conservative when it comes to investing; if so what steps I can do to increase my risk appetite?
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Hi, may I check if the unit trust is denominated in another currency, what will the FX spread be when DBS convert SGD?
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@jeegley Hi jeegley, when it comes to investing, it is good to keep up with market views and consider its implications to what you are already invested in. The DBS CIO publishes their outlook on a quarterly basis and that would be a good place to start.
Within the unit trust universe, there will be equity funds, bond funds and balanced ones more commonly. Equity and bond funds can either have broad mandates covering a global investment universe or more specific mandates covering specific countries /sectors such as technology, China onshore equities REITs, Asian High Yield to name a few. These specific mandates would require more attention monitoring changing market conditions compared to broader based or balanced funds for example.
Balanced or multi-asset funds offer investors a portfolio mix of bonds and equities. Depending on the manager’s view on market conditions, they may tilt towards either asset class but still within a diversified portfolio.
Finally, consider keeping up with our DBS fund select team’s research on our suite of funds. This can be found on our UT webpage.
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@edwinlee Hi EdwinLee, it’s great that you are thinking about investing through an ESG lens! As we work towards being the best bank for the world, we offer solutions and products that help drive the green initiative and some of the options (investments or otherwise) available can be found on this site.
You may also have noticed that since the second half of last year, we have an ESG rating for every single digiPortfolio and this can be found on our factsheets to drive awareness. We are satisfied that every single digiPortfolio currently has an ESG rating of BBB and above but at the same time, know that this can be something that we should continuously improve on.
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@unclesam Hi UncleSam, maintaining a well-diversified portfolio is something we believe in as well. Like you mentioned, there are many bond funds managed to different mandates. Some have mandates to only invest in investment grade bonds, some invest only in Asian bonds while others buy only high yield / junk bonds. For the latter particularly, as the term ‘junk’ suggests, the companies issuing these bonds are rated below investment grade and would come with a degree of risk. These allocations in your portfolio need to be sized appropriately.
Regardless of the asset class you are investing in, assessing the strength of a fund manager vis-à-vis another fund manager is important. Our DBS fund select team evaluates funds based on considerations such as the experience, track record and management acumen of the fund management team, investment processes and strategy in managing the fund as well as past and long term returns potential. The team then assigns a rating to each fund based on the degree of conviction. Explore the fund search on our website to view some available options.
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How frequently should we review our unit trust holdings? And how should we go about doing it?
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@heidi Hi again! Apologies, we couldn’t share any opinion on which portfolio to top up based on your hypothetical scenario.
