StashAway, a digital wealth management solution provider, recently revealed that it will be offering services to Hong Kong consumers. The firm’s management confirmed that it’s now licensed by the Securities and Futures Commission (SFC).
StashAway is a digital investment platform that offers “intelligent” asset allocation along with international ETFs for retail and professional clients.
Launched in 2016 in Singapore and with offices in Malaysia and now also the MENA region, StashAway has customers from over 160 different countries and 190 nationalities. In January of this year, StashAway had managed to reach over $1 billion of AUM.
Stephanie Leung, Head of StashAway Hong Kong, stated:
“You’d be surprised to hear that wealth management in Hong Kong has largely been limited to traditional providers, who often operate on, and are incentivized by high commission-based fees and high minimum investment amounts. StashAway breaks those barriers and makes investing accessible to all, with client support available through our mobile and web app, 7 days a week.”
Freddy Lim, co-Founder and CIO of StashAway, remarked:
“We manage risk and returns by investing into large, liquid, and globally-diversified ETFs, and by continually optimising our portfolios to ensure that they remain resilient in any economic environment. This approach means anyone can invest safely over the long term, withdraw any time, and effectively plan for their future.”
As previously reported, StashAway is the digital wealth manager that “intelligently navigates macroeconomic data, not the market ups and downs.” The company claims that its clients are able to get “similar returns to benchmarks with just a fraction of the risk.” They explain that it’s “not magic; it’s intelligent investing.” StashAway aims to personalize financial planning and portfolio management for “the vast range of needs of retail and accredited investors alike.”
The company’s management noted that their proprietary investment strategy, ERAA (Economic Regime-based Asset Allocation) makes use of macroeconomic data to “maintain each investors’ personal risk preferences through any economic environment.”
They also mentioned:
“ERAA’s intelligent asset allocation approach minimizes risk and maximizes returns by reading thousands of data points to determine current and upcoming economic environments, navigating economic uncertainty, and seeking asset class valuation gaps.”