DBS launches bond portfolio managed by BlackRock

Customers can invest for a minimum of $1,000 and a 0.6% annual management fee.

DBS and POSB customers can now invest in the DBS CIO Target Maturity Fund 2027, a bond portfolio managed by BlackRock.

The fund is made up of over 50 investment grade corporate bonds and government bonds. The bonds mature in 2027.

It is designed potentially to offer higher total returns than cash or money market funds over a three-year period, according to DBS. It is expected to offer regular payouts.

Customers can start investment for a minimum S$,1,000 or US$1,000 lump sum investment. Investors pay an annual management fee of up to 0.6% per annum to access the bond portfolio.

The initial offer period will last until 12 August 2024, with an option to extend for two weeks until 26 August.