Broker CGS-CIMB is to launch a robo-adviser in a tie-up with the Danish bank that is available for advisers and direct to client.
With a minimum investment of S$3,500 ($2569, €2,193, £1,994), CGS-CIMB eWealth is looking to deliver goal-based and thematic portfolios that target macro trends.
The platform offers guided “investment journeys” with a regular human rebalancing of investment portfolios to help clients stay on track with their investment objectives.
There is also the S-Reits (Singapore Real Estate Investment Trusts) portfolio for clients looking for yield, and it allows clients to own 10 individually listed Reits without incurring minimum brokerage charges for each.
eWealth is available to individual investors, corporates and financial adviser firms across Asia.
Asian joint venture
CGS-CIMB is a 50-50 joint venture between China Galaxy International Financial Holdings, a wholly-owned subsidiary of China Galaxy Securities, and CIMB Group.
China Galaxy is ultimately backed by the Chinese government and CIMB is a Malaysian government-linked universal bank.
Last week, OCBC announced it would use We Invest for its robo-venture.
