DBS Rich Clients Managed Funds Soared By 18 Percent

Illustration (Photo: Doc. Antara)

JAKARTA - DBS Treasures Private Client recorded an increase in total assets under management (AUM) by 18 percent.

The increase also recorded an increase in the number of DBS Treasures Private Client customers which reached 9 percent year on year in the first quarter.

DBS Bank Chief Investment Officer Hou Wey Fook stated his commitment to insight and market outlook in dealing with the current inflation situation.

"Going into the third quarter, the main challenges facing the market are persistent inflation, the hawkish attitude of the US Central Bank, as well as the increasing risk of recession and downgrades in profit ratings," Hou said in an official statement, Friday, July 22.

There are several important points to note. One of them is that the performance of the technology sector in China will continue to excel, which will encourage equities to remain bullish.

Customers continue to invest in large, quality companies in the US technology sector.

Then, focus on quality fixed income instruments, compared to maintaining cash assets that will be eroded by inflation.

Industries to consider are content owners, content business models that include ads in them, and user-generated content.

With inflation and this volatility, he said, investors can have alternative investments, such as gold, base metals, oil and gas, as well as private assets, to diversify portfolio risk.

"Customers can build investment portfolios from a combination of investment funds, stocks and bonds or what is called the satellite approach," he explained.

Through this approach, PT Bank DBS Indonesia Consumer Banking Director Rudy Tandjung said DBS Treasures Private Client is committed to supporting the young generation of high net worth individuals (HNWI) to Navigate Transformed World, Live with an Edge so that they are always at the forefront of navigating this ever-transforming world through curated solutions. across generations.

"The solution from DBS Treasures Private Client has been around since last year, and its aspects will continue to be developed and strengthened," said Rudy.

Rudy added, DBS has also prepared a DBS Treasures Private Client wealth management strategy based on three business pillars.

First, Wealth Succession Advisory which includes legacy planning solutions for protection at every stage of life and easy transfer of assets to families, as well as privileges for the next generation in the form of exclusive networking events.

Second, Wealth Preservation is a series of robust products that respond to market dynamics supported by the eTalk Series webinars for dialogue with local and global strategists, as well as smart insights in the form of aspiration-based opportunity notifications, and seasoned relationship managers based on online data for real-time portfolio analysis.

Lastly, Multi-channel Wealth Optimization through a variety of digital access and face-to-face discussions, anytime and anywhere, starting from the digibank by DBS application, Phone Instruction, 24/7 Call Center, Video Conference, and Branch Offices at various strategic points.