POSB MyHome Fund

POSB MyHome Fund 

In a special post today, we feature POSB MyHome Fund of Singapore. It is an investment fund managed by DBS Asset Management and distributed by POSB Singapore.

Who should invest in this POSB / DBSAM MyHome Fund? In their ad in today's The Straits Times, those who "believe in Singapore's potential and want to build your future (in Singapore), ... may wish to consider investing in MyHome Fund."

POSB / DBSAM MyHome Fund is a collective investment scheme that invests across two asset classes via two ETF (Exchange Traded Fund). Theses ETFs cover (1) stocks and (2) bonds. MyHome Fund has 3 sub-funds: Home Steady, HomeBalanced and HomeGrowth.

The DBSAM MyHome Funds seek to achieve varying levels of rewards commensurate with the level of risk taken in the Singapore-dollar denominated fixed income securities and Singapore-listed equities markets.

The specific investment objective of each Fund is as follows:
(a) MyHome Fund -HomeSteady seeks to provide capital preservation with a mild element of capital appreciation in largely Singapore-dollar denominated assets'
(b) MyHome Fund -HomeBalanced seeks to provide moderate capital appreciation through largely Singapore-dollar denominated assets; and
(c) MyHome Fund -HomeGrowth seeks capital growth through largely Singapore-dollar denominated assets.

Minimum cash to start this POSB MyHome fund investment: $1000.

Current annual management fee of POSB MyHome Fund is 0.50%.

Investors can start the investment ball rolling by visiting any POSB branch, ATM or website.

POSB MyHome Fund price may fall or rise. Potential investors should consult their own independent financial advisor before putting money into this MyHome fund.

POSB MyHome Fund site: http://www.posb.com.sg/myhome (as published in the newspapers) or http://mas.gov.sg

Note that POSB MyHome Fund is not a savings account or fixed deposit account. Monies invested in MyHome fund are not guaranteed. You could potentially lose all your cash investment. Read the propectus for the fine print.

Thanks for reading Singapore Savings Account Rates.

The Team
Singapore Savings Account Rates.