Digital & Technology

Digital Wealth Manager StashAway announces Launch in Hong Kong

StashAway, a leading and fast-growing digital wealth manager, will now reportedly be available to Hong Kong residents and is licensed by the Securities and Futures Commission (SFC).

The platform is a low-cost and easy-to-use investing platform that provides intelligent asset allocation with global ETFs for both retail and professional investors, StashAway said in a press release.

Founded in 2016 in Singapore and with operations in Malaysia and now the MENA region, StashAway has clients from more than 160 countries and 190 nationalities. StashAway is an established player in the digital wealth advisory market, with more than USD1 billion of assets under management. Its rapid growth is due to its user-centric design, free education resources, and sophisticated investment framework. These aspects make it easy for anyone to start investing effectively, positioning StashAway as a competitive alternative to traditional wealth management providers.

With more than 17 years of experience in managing multi-asset portfolios globally for Goldman Sachs as well as for institutional investors and family offices, Stephanie Leung is leading StashAway's Hong Kong expansion.

Stephanie Leung, Head of Hong Kong, StashAway, said: “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 incentivised 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, StashAway, said: “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.”

StashAway's portfolios have consistently outperformed their respective same-risk benchmarks since their inception in 2017, reports the firm, with annualised returns ranging from 21.3% (for its highest risk portfolio) to 4.7% (for its lowest-risk portfolio) in USD terms as of February 2021.