StashAway Teams Up with BlackRock to Offer Multi-Asset Model Portfolios

Southeast Asia’s wealth management company StashAway has teamed up with the world’s largest asset manager BlackRock (NYSE: BLK) in order to provide a suite of diversified multi-asset model portfolios.

Developed from BlackRock’s analytics and ETFs (exchange-traded-funds), the portfolios will reportedly be managed by StashAway.

Via the StashAway app, General Investing portfolios make it intuitive for investors to obtain access to diversified, multi-asset portfolios of ETFs that are optimized for long-term risk-adjusted returns. Investors are able to select from three different General Investing strategies.

The StashAway-supported General Investing portfolio is focused on optimizing for long-term risk adjusted returns while also keeping the risks constant. The Responsible Investing portfolio does the same while optimizing for ESG impact.

As noted in the update, the third BlackRock-supported General Investing portfolio is a new long-term investment strategy that aims to provide broader diversification for the investor.

Peter Loehnert, Head of ETFs and Index Investing APAC at BlackRock said,

“We are excited that StashAway is launching portfolios powered by BlackRock’s analysis. This partnership will give more investors across Asia access to BlackRock’s insights and investment capabilities via StashAway’s platform, offering diversified and liquid ETFs as building blocks for portfolio construction, maximising the value of ETF investing.”

Michele Ferrario, Co-founder and CEO of StashAway, remarked:

“We started out with a single investment strategy, but we always wanted to evolve into a platform that provides investors not only easy access to the best investment options, but also investment options that they could grow into. Investing is a journey. It takes time to amass enough wealth to start diversifying investment strategies. And we want to be there every step of the way for our clients.”A

As covered in April 2022, StashAway had revealed that John Tsang Chun-wah, Hong Kong’s former Financial Secretary, had officially joined StashAway’s advisory committee.

Tsang was reportedly the longest-serving Financial Secretary as he had occupied the position from 2007 until 2017.

As mentioned in the announcement, Tsang brings extensive expertise that should benefit customers as well as the brand as he has over 30 years of professional experience working in Hong Kong’s civil service sector across the government offices focused on trade, commerce, housing, industry, technology, and finance.

During his tenure as Financial Secretary for the HKSAR, Hong Kong’s economy expanded at a steady pace, with the government reporting surpluses each financial year.

StashAway’s management noted that as its advisor, Tsang will offer a “dependable voice to the public when it comes to investing, having consistently been a strong advocate of education.”

John Tsang Chun-wah said (earlier year):

“Currently, there’s a lack of sensible investment options in Hong Kong, and not enough people are taking charge of their personal finances. StashAway is helping people in Hong Kong build long-term wealth while making it easy to learn about personal finances and investing. I’m closely aligned to the company’s mission and am proud to be part of this journey.”

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