French fund manager Amundi has linked up with Singapore bank DBS to launch a fund of funds aimed at retail investors.
The Amundi Asia Funds – All Weather Income Fund will focus on global fixed income.
DBS will provide its discretionary portfolio management team and will be responsible for advising on asset allocation and the selection of underlying funds.
Amundi Singapore will act as the sub-investment manager
The fund launch is in reaction to the rising geopolitical tensions and economic uncertainties, according to Amundi.
Nor is it the first time that Amundi and DBS have worked together. The two launched an income fund in 2022 aimed at retail investors in Singapore.
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