Wealth and fund platform Endowus has launched a wealth administration service in Hong Kong. The thought is to supply people, household places of work, charities and endowments with recommendation, entry and execution to world funds throughout public markets, non-public markets and hedge funds.
The service consists of its hottest portfolio in Singapore, the Endowus Flagship Portfolios, which has globally diversified funds with completely different compositions of fairness and glued earnings, acording to an April 17 media assertion.
The Endowus Flagship Portfolios are supplied with discretionary portfolio administration (DPM), the place Endowus has the authority to make buy-and-sell selections on behalf of the consumer. Traders may spend money on single funds or construct multi-funds portfolios via Endowus Fund Sensible, an impartial mutual funds platform, the assertion mentioned.
The brand new Endowus Flagship Portfolios, accessible from Might 2024, have completely different compositions of fairness and glued earnings mutual funds, from world fund managers Amundi, BlackRock, Dimensional Fund Advisors (accessible for the primary time in Hong Kong to particular person shoppers) and PIMCO. The mutual funds are the underlying funfds which make up the brand new portfolios, a sokesperson for Endowus informed FinanceAsia.
The portfolios are discretionary, and are managed by the Endowus Funding Workplace, a 12-person regional staff. The funding workplace additionally carries out private and non-private market investing, investing for household places of work and wealth administration. Globally Endowus has over $5 billion in group belongings.
As well as, there are new digital capabilities similar to ‘Collections’ of curated funds, on the spot funding top-ups utilizing eDDA (Digital Direct Debit Authorisation) and a dual-language interface in English and conventional Chinese language.
Joel Kim, CEO of Dimensional Fund Advisors for Asia ex Japan, mentioned within the assertion: “For greater than 40 years, Dimensional has sought to supply traders with evidence-based, diversified low-cost funding methods. We consider that corporations like Endowus play an important function in broadening entry to such funding methods and we share their perception within the potential for Hong Kong to embrace a mannequin of wealth administration that prioritises shoppers.”
Gregory Van, co-founder & CEO of Endowus, added, “Via our proprietary funding Technology, we aren’t solely in a position to improve the digital wealth administration expertise, but in addition democratise entry to funding alternatives that had been beforehand out of attain for a lot of. We’re deeply dedicated to the Hong Kong market, and are excited to empower our shoppers right here to take a position higher, and on their very own phrases.”
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