Singapore – Endowus, a digital wealth platform based in Singapore, has announced its expansion to Hong Kong as part of the company’s regional expansion.
Investors in Hong Kong can start building single and multi-fund portfolios via the Endowus Fund Smart solution, offering over 140 in-class funds across asset classes including cash and money market, as well as fixed income, equity, multi-asset and commodities.
Gregory Van, co-founder and chief executive officer at Endowus said, “Since our founding, Endowus has been staunchly committed to making wealth management advice and fund access fairer, more transparent and at a lower cost. We want to empower individuals and families to invest better to live better.”
He added, “While we are still in our early years, the Endowus group has grown rapidly and is entrusted with over US$4b in client assets from retail and high-net-worth investors, as well as family offices and institutions.”
Meanwhile, Steffanie Yuen, managing director and head of Hong Kong at Endowus commented that despite Hong Kong being a key international financial hub, it is not easy for locals to gain access to professional and independent advice on personal finance and wealth management.
“According to the latest Endowus Wealth Insights Report, most investors in Hong Kong rely on friends and family as their key source for financial or investment advice. And across all age groups, the most important reason behind why investors feel the pressure to invest more in the coming year, is the need to build a more robust cushion in preparation for retirement,” Yuen explained.
He added, “I look forward to leveraging the power of technology to provide Hong Kong investors with a next-generation wealth management experience that is digitally seamless, conflict-free and transparent. We hope to empower them with the knowledge to be able to make good financial decisions and achieve their personal long-term life goals.”
Endowus Fund Smart expands on investment themes including money market, fixed income, global equity and China, currently offering over 140 curated funds by global fund managers such as Amundi, Blackrock, Fidelity, Goldman Sachs Asset Management, Franklin Templeton and Morgan Stanley Investment Management.
