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DBS digiPortfolio

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  • Reviews (15)
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Robo-Advisors/DBS digiPortfolio
Robo-Advisors/DBS digiPortfolio
3.9
15 reviews
claimed

Unclaimed

This product has not been claimed by the company yet.

USER RATINGS

User Experience

3.9

Ease of Sign up

4.6

Customer Support

3.8

DBS digiPortfolio

0.75% p.a.

PRICING

$1000 to $1357.40

MINIMUM INVESTMENT

Web and Mobile App

PLATFORMS

DBS digiPortfolio

0.75% p.a.

PRICING

$1000 to $1357.40

MINIMUM INVESTMENT

Web and Mobile App

PLATFORMS

Details

Best Robo-Advisor Review 2020 Singapore:
Is DBS digiPortfolio for You?

digiPortfolio is a ready-made investment portfolio that combines human expertise and robo-technology into one to grow and protect your wealth.

There are 2 types of portfolios available for you to choose from namely, Asia portfolio and the Global Portfolio. Then, pick a comfortable risk level that allows the digiPortfolio to allocate your assets accordingly.

The fees and charges to invest with DBS digiPortfolio is 0.75% AUM for all amounts of investment and you need a minimum investment amount of $1,000, in either SGD or USD depending on your portfolio.

Read More about DBS digiPortfolio
Reviews (15)

3.9

15 Reviews

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Most HelpfulMost RecentLow to HighHigh to Low
  • Updated 2w ago

    Purchased

    DBS digiPortfolio

    I will share here my actual experience as the DBS Digiportfolio was very complicated even if you read all of their documentation (which I did). You will not understand what are the underlying products unless you actually invest and check in their website which products they bought for you. Hopefully, this write up will make future investors make more meaningful decisions regarding this product. [Onboarding Experience] You need to go through a test to assess your suitability to invest. Pretty straightforward and simpler compared to other tests done by competitors. After passing the test, you select which portfolio you prefer. You can also adjust the risk level of your investment with more/less exposure to equities based on your situation and preference. You need to have one of the multi-currency accounts which you can create online if you don’t have it. The portfolio was created quite fast for me (about one working day). [User Experience] They have 4 choices of portfolio which will be very confusing for beginners. The documentation about these are very top level with no explanation on what are the actual underlying instruments. The choices are: 1. Unit trust based Global Portfolio 2. Unit trust based Global Portfolio Plus 3. ETF based Asia Portfolio 4. ETF based Global Portfolio Note that you need a Wealth management account for the Unit trust based portfolios (1 and 2). These were the first portfolios they created but as they are unit trusts, their expense ratios should be more than ETF’s. That is probably why they created the ETF based portfolios. It should also be noted that (3) uses Singapore based ETF and (4) uses UK listed ETF’s which have better tax rates compared to US based instruments. Something to consider when deciding. You can only create your portfolio and get detailed information about your portfolio from the DBS website. This can be quite annoying as they have had these products for more than a year so you would think they will be integrated into their mobile app by now. You will be able to see your total balance and top up from the mobile app but that’s it. No performance charts (not even in the website) and investment breakdowns can only be seen in the website. Because of the complicated options, no info about underlying instruments in website prior to signing up, lack of performance charts and no mobile app, I have to say the user experience was not very good. If you have never invested in other robo advisers before and have no interest in what instruments DBS is going to buy/has bought for you, then this may not be a big deal for you. If you are like me and want to know what it is DBS is going to invest in, BEFORE deciding to put in your money, and if you want to see how each instrument is performing, this can be very disconcerting. To help you, I will share what I saw was bought for me in the Investment Method section of this review [Customer Support] You need to call the main DBS line to get information. Other (albeit smaller) robo advisors have dedicated hotlines and email addresses where their staff respond to you almost instantaneously. It feels as if DBS is reluctant to go into this area as the margins are very small but they are still going into it (half-heartedly) so they are not left behind. [Investment Method] I went for the ETF Global portfolio as I felt that had the best upside opportunity with low expense ratio as the ETF’s are UK based. The instruments are mostly similar to other robo advisers giving exposure to global equities (e.g. US S&P 500, Europe, Pacific Rim), and bonds (US Treasury and Global corporate). What I find that is different is they also invest directly in Japan and China instruments. The full list of instruments that I saw in my portfolio are: iShares Core S&P 500 UCITS ETF USD Dist HSBC MSCI AC FAR EAST EX JAPAN UCITS ETF Xtrackers MSCI Europe UCITS ETF Vanguard FTSE Japan UCITS ETF iShares MSCI China A UCITS ETF iShares Core Global Aggregate Bond UCITS ETF iShares J.P. Morgan USD EM Bond UCITS ETF iShares Global Corp Bond UCITS ETF [Returns Rate] Immediately upon funding, portfolio value went down due to USD conversion loss and market conditions. About a month later after US elections and virus vaccine news, returns have been very positive. In fact, if I compare the returns to other robo advisors, it’s rate has been the highest probably because of the direct investment in China and Japan which brought extra upside (but may also bring extra downside if things go bad in the world). In summary, would I recommend DBS Digi-portfolio? I guess yes because of the good returns BUT you must do your research and know what you are getting into. It’s charges at 0.75% is higher than some robo advisors but is not the highest. Based on returns I’ve seen, these will be negligible as long as you are in it for the long term (minimum 5 years). Take note also that unlike other robo advisors, you will not have any performance or historical charts of your investment so you need to keep track of this yourself unfortunately unless DBS improves their reporting. If you do decide to go for it, I suggest going for the ETF Global portfolio. The unit trust portfolios will have hidden/additional charges and the Asia portfolio is a bit of a gamble for me. Hope this helps.

    3

    1 more comments

    Nav

    2w ago

    Why do you think Asia portfolio is like a gamble ?
    Cool Dude

    2w ago

    SD Hi Nav, Regarding the Asia portfolio, I read from the DBS website that it is made up of ETF’s focused on Singapore, India and China. My thoughts on these markets: * Singapore - steady growth but very modest compared to other markets * India - has been growing steadily since 2002. May prove to be a winner if they can overcome the effects of the recent virus and avoid political instability. May face a bad drop if this is not overcome. * China - steady growth but a relatively young, volatile market that has not yet reached the peaks they had in 2007 (13 years ago). As a young market, I am unsure how it will fare in the long term (e.g. 10 years+). Will it still have vulnerability to the US trade war? Will there be instability if their premiere steps down? Based on this, there is definitely positive upside to each of these markets. However, if I feel bullish for any of these, I would just buy their corresponding ETF’s directly (e.g. Singapore STI, India Nifty and China A50). I will avoid paying additional charges to the robo advisor and I will get exposure only to the market I am interested in (instead of a basket of all 3 markets). Note that this is a very personal decision. Others may think otherwise and should go ahead and choose the Asia portfolio if they are bullish about these 3 markets and are young enough to weather any instabilities that may take decades to overcome For me I prefer to invest in diversified products when it comes to robo advisors. Hope this helps.
    Post
  • Updated on 14 Oct 2020

    Purchased

    DBS digiPortfolio

    [User Experience] Sign-up is very easy and seamless, and waiting time is very fast! [Returns Rate] I've been in the platform for a month now and performance have been positive so far. Hope it continues to do so. I've invested a minimum amount of 1K and still thinking if I will invest more. So, let's see in the coming months. [Investment Method] I like the investment approach and quite easy to understand.

    0

    Post
  • Updated on 13 Oct 2020

    Purchased

    DBS digiPortfolio

    [Onboarding Experience] Signing up (for Asia portfolio) was easy especially since I already have a saving account with DBS [User Experience] User experience for the mobile app is not as good as compared to other robo advisor app like StashAway. In order to make withdrawal or check past performance, I have to login to my Web account. [Returns Rate] Been using Digiportfolio for one month. So far, its not performing well. Will monitor longer to see how it goes

    0

    Post
  • Updated on 08 Jul 2020

    Purchased

    DBS digiPortfolio

    Great platform to invest, especially if you hold a DBS savings account, there are some promotions. The rebalancing is quite well done. Cons is that the digi is not accessible from the banking App, and if need customer service help have to call their hotline. I prefer Syfe where I can just use their messaging platform to ask questions hassle-free.

    0

    Post
  • Updated on 30 Jun 2020

    Purchased

    DBS digiPortfolio

    [User Experience] Very easy navigation, doesn’t not support mobile application. [Waiting Time] One working day for approval. There is minimum Of USD 10k for global portfolio.

    1

    Zidny Ilman

    02 Sep 2020

    [Waiting Time] So if I purchase it today, my portfolio would be ready by tomorrow?
    Post
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Features of DBS digiPortfolio

  • Management Fees / Platform Fees/ Advisor Fees: 0.75% of AUM p.a. (Portfolio Management Fee) for all amounts of investment
  • Minimum Investment Amount: S$1,000 or USD$1,000
  • Methodology: Hybrid investing combining expertise from DBS private banking and robo-technology for a cost-effective way to grow and protect your wealth through regional or global diversification.
  • Investment Portfolios: Global and Asia portfolio. Invest according to different risk profiles

Portfolios in DBS digiPortfolio

digiPortfolio is a ready-made investment portfolio that combines human expertise and robo-technology into one to grow and protect your wealth.

There are 2 types of portfolios available:

Asia Portfolio

  • Currency: SGD
  • Geographic focus: Asia with Singapore focus
  • Underlying: SG listed ETFs
  • EIP/SIP: Excluded Investment Products (EIP)
  • Investment experience criteria: No pre-qualification necessary
  • Minimum Investment: S$1,000
  • Ideal for: "Invest, sleep, Repeat" Investors

Global Portfolio

  • Currency: USD
  • Geographic focus: Global
  • Underlying: UK listed ETFs
  • EIP/SIP: Specific Investment Products (SIP)
  • Investment experience criteria: Customer must pass Customer Account Review
  • Minimum Investment: USD$1,000
  • Ideal for: Investors who are willing to take USD exposure and hopes to diversify globally

After choosing your preferred portfolio, you have to decide your choice of risk level.

  • Risk Level 2: Slow 'n Steady - Invests primarily in fixed-income instruments to provide stability to the portfolio while taking advantage of the growth potential of equities
  • Risk Level 3: Comfort Cruisin' - Evenly diversifies between equities and fixed-income assets in order to take advantage of market opportunities while maintaining stability in the portfolio
  • Risk Level 4: Fast n' Furious - Favours equities as opposed to fixed-income instruments. Higher allocation to equities may result in higher volatility and potential losses, but is often used to achieve higher potential returns

How does DBS digiPortfolio invest?

DBS digiPortfolio has an Investment Team that consists of:

  • Discretionary Portfolio Management Team - Focuses on construction and management
    - Selects the best funds from DBS' platform
    - Optimises risk and return trade-off
    - Constructs resilient portfolios
    - Monitors the markets and rebalances the portfolios when necessary
  • Chief Investment Office - Focuses on strategizing
    - Top-down evaluation of macroeconomic and investment environment
    - Provides strategic and tactical asset allocation views

The aim is to achieve a return over 3 to 5 years while managing price fluctuations (risk) in the market.

Fees and Charges for DBS digiPortfolio

DBS digiPortfolio charges a small, flat management fee of 0.75% to curate and manage the portfolios. As with all other robo-advisors, any relevant SGX Clearing/Trading Fees and Dividends Handling Fees and GST are still applicable

Operations

DBS Bank Ltd (Co. Reg. No. 196800306E)