According to an Oct 16 announcement, Capital Group is waiving upfront costs for DBS/POSB customers investing in AMBAL to make it easier for them to benefit from long-term investing while seeking consistent income and downside resilience.
Capital Group is offering a share class of its Capital Group American Balanced Fund (LUX) (AMBAL) exclusively to DBS and POSB customers with 0% upfront sales charge.
The fund, incepted in July 2021, is part of the Capital Group American Balanced strategy. Launched in 1975, Capital Group American Balanced strategy is the world’s largest multi-asset strategy, managing US$258 billion ($333.69 billion). It focuses on broad US opportunities with a balanced approach, aiming to capture equity market growth while preserving capital and delivering income through high-quality bonds.
