Retirement digiPortfolio

At a Glance

Allocated according to your retirement timeline

Grow your investment at the start and transition towards stability as you age.

Twice the expertise managing your portfolio

Managed for you by DBS in collaboration with J.P. Morgan Asset Management.

Commit to your retirement with no restrictions

Dollar cost average with top ups or withdraw as you wish. No lock-ins or penalties.

The Retirement Portfolio is only available on our DBS digibank mobile app.Invest now

About Retirement Portfolio

Just as our individual needs change over time, our investment portfolios require adjustments to suit evolving circumstances, responsibilities, and future goals for hard-earned savings.Not sure how to do that? We've got you covered. Our Retirement Portfolio automatically adjusts the risk for you as you age. Why is that important?

In earlier stages of your life, the goal is to take advantage of your long-term horizon to grow your retirement funds by participating in equity markets. Although more volatile, over the long-term, it outperforms other asset classes.

When you approach your desired retirement age, the value of your investments would have grown a lot more. This also means that the potential losses that can happen with any market downturn, is also greater.

The closer you get to your retirement age, the more important it is to focus on stability over growth, and that means having a focus on bonds over equities so that you can conserve your wealth. And we do it all for you.Start small, grow big. Investing for retirement doesn't need a huge sum. With Retirement Portfolio, you can start from as little as S$1,000 and keep adding as your budget allows – even S$100 a month makes a difference.Invest early and watch it grow. The earlier you start, the more your money benefits from compounding. Watch your retirement funds grow steadily over time. Expert guidance for your future. Managed by DBS in collaboration with J.P. Morgan Asset Management – leaders in retirement planning and experts in both Asian and Global markets.Simple setup, easy to manage. No need to be an investment pro. Get started with just S$1,000 and add more whenever it's convenient. We take care of the complexities, so you can enjoy retirement more and worry less.

Features & Benefits


Minimum amount to start	S$1,000
What this is	A diversified portfolio of unit trusts where asset allocation is adjusted in an automated manner according to your years to retirement
Suitable for	Customers who want to invest to grow your retirement funds
Fees	0.75% p.a. management fee
More information	Factsheet

How it works1. Construction of the portfolioRetirement Portfolio helps you to invest by first taking into consideration your desired age of retirement.Based on your intended retirement timeline, a professionally constructed portfolio offering diversified exposure across various asset classes and markets, will be designed for you.

Asset Class	Exposure
Equities	US Europe Japan Asia Ex-Japan
Fixed Income	Global Government Bonds Global Corporate Bonds Emerging Markets Debt

2. Dynamic adjustment of portfolioThe construction of your portfolio is supplemented with an investment strategy known as the glidepath. Here's a video illustration on how the Retirement digiPortfolio brings everything together.When the investor is further away from the retirement age, the portfolio mix will tilt towards growth with equities.Moving closer to retirement, the portfolio mix will gradually recalibrate towards the relative stability of fixed income. This is meant to lower the probability of a market event significantly impacting the nest egg that you have steadily built over the years.

It doesn’t stop there. Even in retirement, the investment team continues to look after your investments. This way, you can enjoy retirement more and worry less!

Performance and Insights


Minimum amount to start	S$1,000
What this is	A diversified portfolio of unit trusts where asset allocation is adjusted in an automated manner according to your years to retirement
Suitable for	Customers who want to invest to grow your retirement funds
Fees	0.75% p.a. management fee
More information	Factsheet

^Portfolio inception was 29 Nov 2023Q3 2024 Market Review
The third quarter of 2024 ended with healthy returns across most major asset classes, despite several bouts of market volatility. A combination of weaker US economic data, an interest rate hike from the Bank of Japan and thin summer liquidity saw stocks hit particularly hard in early August. However, the long-anticipated start of the Federal Reserve (Fed)’s rate cutting cycle in September, along with a less hawkish tone from Japanese policymakers and new stimulus in China, helped to soothe investor concerns and support a strong rally in stocks into quarter end.Against this backdrop, developed market equities delivered a positive total return of 4.7% MSCI World (local currency) over the quarter. The parts of the stock market that had previously suffered most from higher interest rates generally outperformed, namely small caps and global REITs, while growth stocks gave up some of their recent outperformance. Asia ex-Japan was the top performing major region, returning 7.9% over the quarter (MSCI AC Asia Pacific ex-Japan, local currency). Having treaded water for much of the quarter, Asian stocks rallied strongly towards the end of September after Chinese policymakers announced a raft of new stimulus measures. US equity markets continued to advance, with signs of the long-anticipated ‘broadening out’ of returns finally starting to play out. In contrast, the Japanese equity market suffered decline driven by the combination of weaker US economic data and a more hawkish than expected Bank of Japan in August.Fixed income investors were buoyed by the prospect of lower rates.14 months on from its last interest rate hike, the Fed kickstarted its cutting cycle with a 50-basis point move in September. With the unemployment rate having drifted up from a low of 3.4% in April 2023 to 4.2% today, Fed officials made it clear that they do not welcome any further weakening in the economy and are keen to quickly move interest rates back to less restrictive levels. Later in the month, the Fed’s more circumspect view on the economy was vindicated by the largest monthly decline in consumer confidence in over three years. With inflation cooling and activity relatively muted, other western central banks also deemed it appropriate to cut rates. The European Central Bank delivered its second rate cut in September taking interest rates to 3.5%.The shift in investors’ expectations for interest rates helped government bonds to perform strongly. Both investment grade and high yield credit delivered strong returns, while emerging market debt also rallied over the quarter.Market Outlook
JPMorgan Asset Management maintains the base case of rebalancing, with the market, economy, and inflation cooling rather than collapsing. Our confidence in a return to trend-like growth and an extended cycle is growing.JPMorgan Asset Management remains comfortable with a preference for risk assets, specifically equities and credit, as it is anticipated that the economic cycle will extend into 2025 with contained recession risks.Within equities, JPMorgan Asset Management continues to favour markets with stronger earnings outlooks such as the US, Japan, and emerging markets. Meanwhile, yields near the lower end of a trading range supports a neutral stance on duration. What does this mean for you? Planning for retirement is crucial, and Retirement Portfolio can play a part in your years ahead.

Start small - Even regular contributions can grow significantly over time.

Finding the right mix – Simplify how you invest with a diversified portfolio which automatically adjusts its risk as you move towards retirement.

Take the first step and invest now to enjoy retirement more and worry less!Practise good money habits – RetireBuilding good money habits goes a long way to helping us secure the retirement lifestyle we desire. Retirement planning is all about having passive income flows to fund your basic and lifestyle needs. Fund basic needs with stable income flows from safer products while lifestyle needs can be funded by more variable income flows from higher risk products. You should aim to meet the CPF Full Retirement Sum and have more than 1 passive income stream.

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Eligibility requirements


Minimum amount to start	S$1,000
What this is	A diversified portfolio of unit trusts where asset allocation is adjusted in an automated manner according to your years to retirement
Suitable for	Customers who want to invest to grow your retirement funds
Fees	0.75% p.a. management fee
More information	Factsheet

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Retirement Portfolio^NEW!

Frequently Asked QuestionsRead the full list of FAQs on Retirement Portfolio here.

What is the Retirement Portfolio?

The Retirement Portfolio is a ready-made portfolio that helps you invest for your retirement, starting from S$1,000 without any lock-in. It offers the perfect match of human expertise and robo-technology, providing an instant, cost-effective way to grow and glide into retirement with ease.

How does the Retirement Portfolio work?

The Retirement Portfolio is a single investment solution which employs a ‘glidepath’ strategy.

The investment team considers current market conditions in managing the portfolio. Additionally for the Retirement Portfolio, your portfolio allocation will shift based on your own timeline to retirement.

When you are further out from retirement, the portfolio allocation is geared towards higher risk assets such as equities to help you accumulate and grow your wealth over years to retirement. The longer time horizon to retirement would also allow for your portfolio to ride out ups and downs of markets.

Over the years and as you move closer to retirement, risk is gradually dialled back by reducing allocation in higher risk assets and increasing allocation to fixed income funds, building a more conservative and stable portfolio to ease into your retirement years.

Who is the Retirement Portfolio designed for?

You can consider the Retirement Portfolio if:

You want to invest to build your wealth for retirement
You don't have time to actively monitor markets
You want experts to nurture your investments
You want to supplement other insurance / investments to reach your retirement goals

digiPortfolio Terms and Conditions as of 19 February 2024DBS Investment Disclaimer