CGS-CIMB Securities, a Singapore-based contract for difference (CFD) and forex broker, announced today that it has launched a robo-advisory platform CGS-CIMB eWealth. The platform, which was launched through its subsidiary CGS-CIMB Securities (Singapore) Pte. Ltd., offers personalised investment advisory services to the firm’s retail clients.
The platform was launched in partnership with Saxo Capital Markets, a subsidiary of Saxo Bank A/S, and Singapore fintech firm WeInvest. Through eWealth, traders will have access to so-called “guided investment journeys”. The platform is not only available to clients of CGS-CIMB Securities. It can also be used by individual investors, corporations and financial advisory firms across the world.
Investment strategies on eWealth
The platform offers two types of investment strategies – goal-based and thematic. Goal-based investing provides portfolios that aim to achieve market returns. The initial investment starts from S$3,500 (around $2,570).
Thematic investing, on the other hand, combines quantitative strategies with factor-based investing. These portfolios seek to achieve above-market returns. For the thematic portfolios, the platform offers a ‘US Refining’ portfolio. This consists of companies that are likely beneficiaries of rising oil prices.
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Alternatively, investors can also access the ‘S-REITs’ portfolio. This is particularly for clients looking for yield. Through the portfolio, traders can own 10 individual listed REITs without incurring the minimum brokerage fee.
Commenting on the launch of the platform, Ms Carol Fong, Group CEO of CGS-CIMB Securities (Singapore) Pte. Ltd., said: “CGS-CIMB eWealth is a good complement to our existing brokerage business which helps clients to grow their wealth with mid-to-long term strategies.
Leveraging our strong research capabilities, we will provide clients with a wide range of portfolio selections, from conservative options for those with a low-risk appetite to aggressive ones for investors who possess a higher risk tolerance and want to achieve above-market returns.”
eWealth is a “hallmark example of Fintech partnerships in Singapore”
Adam Reynolds, CEO Saxo Capital Markets added: “we strongly believe that partnerships and technology sharing will be defining the financial industry in the coming years bringing enormous improvements in quality of service and offering to clients. Our combined solution with CGS-CIMB and WeInvest is a hallmark example of Fintech partnerships in Singapore.
Through our collective strength, CGS-CIMB’s clients now get access to unique and cost-effective investment opportunities that have previously only been available to a select few. We support the solution with our core strengths in global capital markets access, automation as well as flexible and open technology through our OpenAPI solutions.”