Chapters

00:00 – Introduction

02:10 – Why you should consider income investing

03:03 – How we constructed the Endowus Income Portfolios

08:10 – Higher payout yields in the market environment

10:15 – New and previous payout targets for the Income Portfolios

15:14 – How the portfolios performed against benchmarks in 2022

21:07 – Fixed income markets had their worst year ever in 2022

23:08 – But now yields are starting to look extremely attractive

25:51 – How much payout and capital growth are you looking for?

28:32 – Also, how much risk can you take?

31:04 – Q&A: Income Portfolios versus Cash Smart

33:12 – Q&A: Do the payouts erode investors’ capital?

35:08 – Q&A: Yield and performance expectations for the Income Portfolios

39:18 – Q&A: How does Fed tightening affect the bond market and the portfolios?

41:38 – Q&A: Fees and underlying funds of the Income Portfolios

43:28 – Q&A: Income Portfolios versus Flagship Fixed Income Portfolios

45:59 – Q&A: Dollar-cost averaging (DCA) into different portfolios

47:04 – Q&A: Cost savings from investing with Endowus

48:18 – Q&A: Investing a large sum into the Income Portfolios vs a DIY portfolio

Read more: Endowus Income Portfolios: Higher payout targets, outlook, and 2022 review

About the session

This year, Endowus is raising the payout targets for the Endowus Income Portfolios. Their latest payout target ranges are: 5% to 6% for the Stable Income portfolio, 5.5% to 6.5% for the Higher Income portfolio, and 3.5% to 4.5% for the Future Income portfolio.

In 2022, all three Endowus Income Portfolios performed in line with expectations in spite of the turbulence. With the portfolios consistently meeting their payout targets, investors in the Endowus Income Portfolios enjoyed stable, consistent cash flows throughout the year.

The three portfolios are designed to meet real-world income needs across different life stages — whether you’re a retiree seeking passive income, a working adult with a family to support, or a young adult with major life goals. They offer three different levels of passive income and potential for capital appreciation.

Join our Head of Investments, Sean Wong, together with Investment Lead, Yulin Liu, Investment Lead as they explain:

1. The new higher payout targets for the Endowus Income Portfolios
2. Which of the three Endowus Income Portfolios works best for your life stage
3. Why more attractive valuations await long-term fixed income investors

About the speakers

Sean Wong, Head of Investments, Endowus‍

Sean Wong is the Head of Investments of Endowus. In this role, Sean oversees Endowus’ advisory and investment solutions, and leads the investment office in optimising portfolio strategies and fund selection to drive growth. Sean also focuses on developing strategic relationships with fund management companies, broadening the range of investment solutions and market innovations in the sector. 

Prior to his current role, Sean was an Executive Director in the Investment Management Services (IMS) team at Morgan Stanley Private Wealth Management Asia, serving as their Head of Offerings. In this role, Sean was responsible for the identification, selection, due diligence, as well as sales and distribution of all fee-based products and discretionary portfolio offerings to the firms’ Wealth Management clients.

Sean has over 14 years of experience in the wealth management industry, having started his career with BBR Partners, LLC, where he focused on developing integrated investment solutions for ultra-high-net-worth individuals and families. 

‍Yulin Liu, Investment Lead, Endowus ‍

Yulin Liu is the Investment Lead at Endowus. Yulin focuses on investment due diligence and portfolio construction, and coordinates with other departments on investment-related matters. She is a member of the Investment Committee and is passionate about making investing more accessible and easier for individuals. 

Her most recent role was with AQR Capital Management, where she served major institutional investors across Asia in their investment and portfolio monitoring needs. 

Yulin holds a Masters in Financial Analysis (Distinction) from London Business School, and a MEng in Engineering, Economics and Management (First Class Honours) from the University of Oxford.