Singaporean bank OCBC is testing an online investment platform for novice and experienced investors using software developed by the city's WeInvest fintech provider. The algorithm-powered service offers less experienced investors five portfolios to choose from containing ETFs and stocks selected from the Dow Jones and Nasdaq exchanges. For the more market-savvy, the service offers the opportunity to invest in a thematic basket of stocks, consisting of technology companies, fast-moving-consumer-goods companies, or leading Dow Jones companies. In a statement on its website, OCBC said it was "exploring ways of making investing more accessible in Singapore". The portfolios will be regularly rebalanced.
Singaporean bank OCBC is testing an online investment platform for novice and experienced investors using software developed by the city's WeInvest fintech provider. The algorithm-powered service offers less experienced investors five portfolios to choose from containing ETFs and stocks selected from the Dow Jones and Nasdaq exchanges. In a statement on its website, OCBC said it was "exploring ways of making investing more accessible in Singapore". The portfolios will be regularly rebalanced.