(August 12 11:06) Sbr.com.sg
Uploaded By:
Alyssa Divina
Submitted By:
Staff Reporter
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It leverages the cost-averaging effect when it allocates assets to equity ETFs.
OCBC and asset manager Amundi have launched the Amundi-OCBC Momentum Fund, the first fund in Singapore claimed to harness a dollar cost averaging feature.
The Momentum Fund allows the portfolio manager to initiate dollar cost averaging for the investor. The fund leverages the cost-averaging effect when it allocates assets from an initial pool of fixed income securities to equity ETFs.
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