Launched in 1999, the fund invests primarily in equities listed on Singapore Exchange, including non-Straits Times Index (FTSE STI) component stocks, as well as selected overseas-listed equities with similar characteristics. The fund’s investment objective is to achieve medium to long term capital appreciation as well as targeting a monthly distribution of between 5-7 per cent per annum of the NAV per unit for investors.
Customers of MariBank may soon start investing in the Amova Singapore Dividend Equity Fund with a minimum of $1, free of transaction fees.
In an announcement, MariBank says that it is the first digital bank to launch such an offering by partnering Amova Asset Management to distribute the afore-mentioned fund denominated in Singdollar. The fund is under Mari Invest Singapore Equity and will be open to the public on April 1 via the MariBank app.
