We aim to source for the best in class investment funds that suit your investment needs. There are no exclusive partnerships with any Asset Management Company as we believe in an open architecture where the best solutions will be selected for you. Partner selection is based on criteria such as group financial stability, size of assets managed, portfolio manager credentials, consistency in track record and risk management processes.

An Asset Management Company is a firm that is regulated by MAS to invest pooled funds from clients, putting the capital to work through diversified investments. We partner with industry leaders, so you know your money’s in good hands. Currently, the Asset Management Companies that we are partnering with for AutoInvest are:

1. Fullerton Fund Management, and
2. UOB Asset Management Ltd.

We carefully select underlying investments in GrabInvest. For AutoInvest we have selected money market and short term fixed income mutual funds to create investment solutions with stable returns. These underlying funds are managed by Fullerton Fund Management and UOB Asset Management Ltd. You can also find the fund documents such as the prospectuses, product highlights, annual reports, and factsheets in the AutoInvest page. We may replace and invest in such other funds which may be managed by other Asset Management Companies as we deem suitable from time to time.

AutoInvest is composed of four different funds, and we categorize them into two sections:

Category 1 – Funds that follow Money Market Funds Investment Guidelines
MAS has published guidelines that outline requirements for Money Market funds under the Code for Collective Investment Schemes.
The guidelines define that investments have to be of high quality or bank deposits – it also defines what high quality means. It sets exposure, concentration, and liquidity limits. For example: at least 10% of the fund have to be in daily maturing liquid assets, and at least 20% in weekly maturing liquid assets. The guidelines limit the risk that the funds can hold and ensure that they keep high standards of liquidity in their portfolios.
We like this category of funds in our portfolio as a stable anchor. The returns tend to be better than retail bank deposits, but it’s still lower than the second category.

Category 2 – Short term fixed income funds
These funds operate in the high quality bond market but can stretch their average maturity to 2-3 years compared to the 3-6 months of Category 1 funds. Compared to the broad fixed income market, this maturity term is still short – the Singapore Government has issued bonds up to a 2050 maturity, that’s 30 years.
Due to the longer maturity compared to Category 1 the funds are able to provide better returns. They are slightly more susceptible to price movements which is why we do not want to put all of the portfolio into these funds.

The Category 1 funds: Fullerton SGD Cash Fund – Class A
ISIN Code: SG9999005961
Asset Manager: Fullerton Fund Management
Asset Class: Money Market
Description:
The investment objective of the Fund is to provide investors with liquidity and a return that is comparable to that of the Singapore Dollar Banks Saving Deposits rate.

The Managers intend to hold its assets primarily in Singapore Dollar deposits with eligible financial institutions with varying terms of maturity of not more than 366 calendar days. The Managers may also place deposits of varying maturity tenures exceeding 366 calendar days but not more than 732 calendar days, subject to a maximum of 10 percent of the Fund’s Net Asset Value.
Fact sheet | Prospectus | Product Highlights | Annual Report

United SGD Money Market Fund – A1
ISIN Code: SGXZ56370984
Asset Manager: UOB Asset Management Ltd.
Asset Class: Money Market
Description:
The investment objective of the Fund is to provide a return which is comparable to that of Singapore dollar short-term deposits.
Fact sheet | Prospectus | Product Highlights | Annual Report

The Category 2 funds:
Fullerton Short Term Interest Rate Fund – Class C
ISIN Code: SG9999006225
Asset Manager: Fullerton Fund Management
Asset Class: Short Term Fixed Income
Description:
The investment objective of the Fund is to achieve medium-term capital appreciation for investors. The investments of the Fund will be broadly diversified with no specific industry or sectoral emphasis.
The Fund is primarily focused on fixed income securities and money market instruments. The Fund may invest in futures and derivatives for hedging purposes. The maturity limit of underlying securities is 5 years and all foreign currency denominated bonds are fully hedged back to SGD except for a 1% frictional currency limit.
Fact sheet | Prospectus | Product Highlights | Annual Report

United SGD Fund – A (Acc) SGD
ISIN Code: SG9999001382
Asset Manager: UOB Asset Management Ltd.
Asset Class: Short Term Fixed Income
Description:
The investment focus of the Fund is to invest substantially all its assets in money market and short term interest bearing debt instruments and bank deposits with the objective of achieving a yield enhancement over Singapore dollar deposits.
Fact sheet | Prospectus | Product Highlights | Annual Report

The portfolio for AutoInvest consists of unit trusts that are managed by Fullerton Fund Management (Fullerton) and UOB Asset Management Ltd (UOBAM). Your assets are held by licensed custodians appointed by Fullerton and UOBAM. In the case of Fullerton, the custodian is The Hongkong and Shanghai Banking Corporation Limited and in the case of UOBAM, it is State Street Bank and Trust Company.

No, AutoInvest is an actively managed portfolio of funds. On an ongoing basis we monitor the risk and adjust the allocation to suit the market conditions.
The asset managers and the funds we use have to pass our robust and detailed due diligence process.

Portfolio Value is the sum of the market value of the investment funds in your AutoInvest plan.

This also includes the amount that has been transferred into your AutoInvest account and is in the process of being invested. Any withdrawal amount that is due to come in from the Asset Management Companies is also included before it is sent to your GrabPay Wallet.

The market value for each investment fund is calculated based on the number of units held in the underlying funds in your AutoInvest portfolio multiplied with the last available price as provided by the Asset Management Companies see Section 3.1 below “Who does AutoInvest partner with for fund management?”.

All investments and redemptions, i.e., the buy and sell orders, are executed based on the next available market price.

The estimated returns are not guaranteed. The actual return can be higher or lower. It is the return that we reasonably expect based on the current market environment net of all expenses and rebates. This includes the rate of returns of the underlying investments in the portfolio, the market environment for interest rates in Singapore, and the credit risk premium for Asian corporate credit risk.

We continue to monitor the performance of the funds in the portfolio and review the expected returns and the allocation for appropriateness.

Your AutoInvest returns are generated by the investment funds in the portfolio. On a daily basis the returns are added to your AutoInvest plan. In the app you will find both the absolute return in SGD amount and the growth of the portfolio in percentage terms using Money-Weighted Returns.

The absolute return shown in SGD amount is the growth of the investment in dollar terms.

Money-Weighted Returns are the absolute return over the “average invested balance” during the selected period. It reflects returns for your personal investment portfolio and takes into account the impact of cash flows into and out of your portfolio.

It is possible to have a positive return in percentage (%) and have a negative return in amount at the same time.

We track the returns in absolute amounts and the relative performance in percentage (%). The SGD amount is therefore the amount of money that you have gained or lost. The percentage (%) returns tracks the performance of the portfolio.

For portfolio returns in percentage (%), we use Time-Weighted Return (TWR) that measures the compound rate of growth of the investment funds in your portfolio.

The returns in absolute amounts can be affected based on when your investment flows in. If you had invested small amounts at the beginning and larger amounts towards the later stages, then your portfolio would be more sensitive to the market movements at the later stage where your investment amounts are larger.

Let’s use a simple example to explain how this could happen.

You have invested $100 on 1 March and the market goes up 5% by 1 Apr, making a gain of $5. Your portfolio value will go up to $105. Next, you added an investment of $200 and thereafter, the market drops 2%. You will incur a loss of $6.10 = ($105+$200)*(-2%) and portfolio value will drop from $305 to $298.90. This means that:

• Total investment amount is $300 [i.e. $100+$200]
• Total gains/loss is -$1.1 [i.e. $298.90-$300]
• Overall portfolio (TWR) return is +2.9% [i.e. (1+5%)*(1-2%)-1]

Essentially, the overall portfolio returns in percentage since 1 March is positive at +2.9%. However, a drop of 2% when the new investment amount of $200 comes in, increases the loss in absolute amount.

AutoInvest’s proprietary algorithm strives to maximize forecast returns for its portfolios while keeping the risk at a defined level. The investments are diversified across various funds to achieve a desired risk profile by buying into different investment styles and focus areas. We forecast returns of each asset class based on current market variables such as short and medium term SGD interest rates, the risk premium for Asian investment grade credit risk, and the recent performance and behaviour of each fund.

The risk of the funds is measured based on historical data. We forecast returns of the funds by using market parameters that are relevant to the investment focus of the fund and have proven to be significant predictors of the returns.

We may override the recommendations from the algorithm if this is in the best interest of our clients and reflective of the agreed risk profile.

Your portfolio is automatically reviewed for rebalancing on a quarterly basis. We use the latest market data and forecasts to make sure the portfolio complies with the risk target. If adjustments to the allocation are necessary, the system will automatically transact sell and buy orders of the investment funds to align the portfolio.

Rebalancing of your portfolio is initiated on a quarterly basis. If the deviation of current allocation to target allocation is more than 2%, your portfolio will be rebalanced back to target allocation. You will be notified 3 calendar days in advance should we initiate a rebalancing to your portfolio. Any deviations that are 2% or less from the target allocation will not be rebalanced.

On an ongoing basis we also monitor the behaviour and performance of the underlying funds. If there is a need to switch out the underlying fund or update the target allocation, we will perform this change in your portfolio during the quarterly rebalancing or on an ad hoc basis when there is a need. We will monitor that the performance of the underlying funds is in line with the investment mandate and that the funds can perform up to expectations.

Rebalancing is carried out at GrabInvest’s discretion only and you are not required to confirm or cancel any rebalancing. Notwithstanding such rebalancing of your portfolio, there may still be a small deviation from the target allocation due to rounding decimals.

By deactivating automatic transfer, AutoInvest will no longer initiate a transfer into AutoInvest from your GrabPay Wallet for future transactions.
Don’t worry – your existing AutoInvest balance remains invested.

You can deactivate the automatic transfer with these steps:

1. Go to “Your AutoInvest” section and tap on “Edit”
2. Check the toggle status in the “Automatic Transfers” section.
3. To deactivate your automatic transfer, toggle to the left and make sure the toggle is deactivated and a grey coloured box appears.
4. Once you are done, tap on the “Save Changes” button to update your preferences.

or

1. Tap on “Manage” section
2. Select “Edit AutoInvest”
3. Check the toggle status in the “Automatic Transfers” section.
4. To deactivate your automatic transfer, toggle to the left and make sure the toggle is deactivated and a grey coloured box appears.
5. Once you are done, tap on the “Save Changes” button to update your preferences.

You do not need to close the account, instead you can deactivate the plan and initiate a withdrawal to transfer all the money back to your GrabPay Wallet. Please follow the steps below: (Note: If your AutoInvest plan is already deactivated, please proceed directly to step 3.)

1. In the view AutoInvest plan page, find the “Your AutoInvest” section (you may need to scroll down if your mobile screen is small), then tap the “Edit” link.
2. The “Edit AutoInvest” page will open. Tap the toggle button beside ” Automatic transfers” to deactivate it. Then tap the “Save Changes” button. Once this has been done, there will be no transfers coming into AutoInvest from GrabPay Wallet. However any remaining AutoInvest balance will continue to be invested.
3. In the view AutoInvest plan page, ensure first that you do not have any pending or processing transfers in the “Recent Transfers” section. Then tap the “Transfer” button and withdraw all the money in your AutoInvest plan.
4. After you receive the money in your GrabPay Wallet, your AutoInvest plan will have S$0.00.
5. You can still access your AutoInvest plan and will still see it under the “My Plans” section. There will be no fees for maintaining the plan.

You can reactivate your plan anytime by enabling the Automatic transfers again in the “Edit AutoInvest” page. If you still continue to see deductions from your GrabPay Wallet even after you have already deactivated the plan, please fill in this form for us to assist you.

You can do so by initiating a full withdrawal via the Transfer option in the AutoInvest page.

1. In the view AutoInvest plan page, ensure first that you do not have any pending or processing transfers in the “Recent Transfers” section. Then tap the “Transfer” button and withdraw all the money in your AutoInvest plan.
2. After you receive the money in your GrabPay Wallet, your AutoInvest plan will have S$0.00.
3. You can still access your AutoInvest plan under the “My Plans” section to check your previous transfers. There will be no fees for maintaining the plan.