ADDX investors can park idle cash in funds by OCBC's Lion Global

Target returns for products under ADDX Earn are designed to be higher than short-term bank deposit rates. PHOTO: ST FILE
New: Gift this subscriber-only story to your friends and family

SINGAPORE - ADDX, an exchange for private market investments backed by the Singapore Exchange, on Monday (Aug 29) launched an option for investors to earn interest on their undeployed capital by investing in two funds by Lion Global Investors, a fund manager under the OCBC Group.

ADDX Earn is designed to boost the returns of investors who have deposited money in their ADDX wallets, but have yet to decide on which private market product to invest in, the company said in a statement. Some of the capital may also have come from previous investment earnings on ADDX.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Follow ST on LinkedIn and stay updated on the latest career news, insights and more.