MariBank has launched Mari Invest Income, a new investment product aimed at providing Singaporean investors with consistent and competitive income.
This offering allows both new and experienced investors to access the global bond market with a low barrier to entry.
Mari Invest Income requires a minimum investment of just S$1 and charges no transaction fees.
This new product follows the success of Mari Invest SavePlus, MariBank’s first investment offering, which has seen its fund’s assets under management exceed S$953.3 million as of 31 December 2024.
Mari Invest SavePlus offers a convenient, low-risk option with an instant cash-out feature, subject to a S$10,000 daily limit per investor and availability.
In contrast, Mari Invest Income is designed for investors seeking steady monthly dividend payouts rather than long-term capital growth.
The instant cash-out feature is exclusive to Mari Invest SavePlus and is not available for Mari Invest Income.
Mari Invest Income provides access to the PIMCO GIS Income Fund Admin SGD Hedged – Inc share class, which invests in global bonds.
As of 31 December 2024, the fund has delivered an annualized return of 4.09% p.a. and an annualised dividend yield of 6.49%.
The PIMCO GIS Income Fund is managed by PIMCO, a fixed income investment managers that has been established for over 10 years and has a global fund size of more than S$100 billion.
PIMCO leverages its analytical capabilities and expertise in managing the fund, bringing these high-quality investment opportunities to MariBank’s customers.
The product is currently available on an invite-only basis and will be rolled out to more customers in the coming months.
“Mari Invest Income was designed for those seeking to enhance their income streams by simplifying investing, enabling customers to easily track their investment returns and monthly payouts.
These features help our customers navigate the complexities of investing,”
said Natalia Goh, CEO of MariBank.
MariBank, a digital bank wholly owned by Sea Limited and licensed by the Monetary Authority of Singapore, aims to serve the banking needs of digital natives and small businesses in Singapore.
