Digital wealth management platform, Endowus has formed a strategic partnership with The Executive Centre (TEC). Through this collaboration, Endowus will host a series of FinLit in-person and online seminars at TEC’s office spaces in the territory. Topics to be covered include holistic wealth management, retirement and Mandatory Provident Fund (MPF) investing, financial planning, and female investing.

According to the Endowus Wealth Insights Report 2023, nearly 70% of Hong Kong female investors expressed interest to invest more. To serve client needs better, Endowus has formed a strategic partnership with The Executive Centre (TEC) to promote Financial Literacy (FinLit) efforts in Hong Kong.

Singapore's budding private credit industry is helping to grow its Asia-specific offerings to attract investors in the region. However, Gregory Van, CEO of Endowus, notes that a lot of strategies are US dollar-denominated and investors here are trying to earn a return in US dollars. If the strategies were Asia-based, investors would be required to hedge currencies as well.

Steffanie Yuen, Head of Hong Kong at Endowus shared tips for investors looking to buy into specific funds. Instead of assuming a fund’s allocation and industry positioning based on its name, investors should also take into account its underlying performance and investment strategy, to ensure that it is aligned with their personal investment goals. One should also note that a fund’s past investment performance is not indicative of future returns and investing in a globally diversified portfolio is recommended to manage risk while ensuring stable long-term returns.

Steffanie Yuen, Endowus’ Head of Hong Kong, encourages individuals to start building their retirement nest egg as soon as possible. Additionally, investing in a long-term diversified portfolio helps to grow their wealth meaningfully while reaping the rewards of compounding interests.

Gregory Van, CEO of Endowus, shared that the firm has seen enormous growing interest in private credit and private equity distribution to a broader audience. As demand for investment liquidity rises, the launch of NAV-marked funds, or funds that are not close-ended, over the next three to five years will be a critical development for the wealth industry.

Steffanie Yuen, Head of Hong Kong, shared tips for parents who are looking to grow their children’s red packet monies. These include depositing red packet money into a savings account, investing in a low-risk, diversified stock portfolio, or developing a monthly investment plan. Parents are also encouraged to inculcate simple financial literacy and concepts in their children, teaching them the benefits of compounding returns in the long run.

Since Endowus’ launch in Hong Kong six months ago, their clients have increased nearly seven times. This growth came from an increasing demand for more diversified global equity and bond portfolios, instead of stocks. The firm’s priority this year is to serve the Hong Kong market better, currently working with more than 50 global asset management companies and incorporate more than 200 funds into the Endowus platform.

Endowus, a Singapore-based online wealth management platform, has seen a seven-time increase in clients in the last six months. The firm also plans to introduce Singapore's flagship investment product, the Endowus Flagship Portfolio, into Hong Kong within the year. Endowus adopts a zero-commission, independent fee model and offers funds at a lower cost than any broker or bank.

Hong Kong has a larger proportion of female investors as compared to Singapore, according to the Endowus Wealth Insights report. Since the firm’s launch in Hong Kong in April 2023, it has seen a seven-time increase in clients on the platform. The top three most popular investment products among Endowus’ clients are monetary funds, passive income portfolios, as well as private markets and hedge fund products.

Steffanie Yuen, Head of Hong Kong at Endowus advised retail investors to set the right investment goals instead of timing the market. When short selling, transaction fees start to compound as the frequency of trading increases, which eats into investors’ returns.

Steffanie Yuen, Endowus’ Head of Hong Kong, discussed the pros and cons of investing in spot bitcoin ETFs. Investors can seek to diversify their portfolios and trade directly via their brokerage without having to open cryptocurrency accounts. However, investors should note that bitcoin is a highly volatile asset and should understand one’s risk tolerance before buying into spot bitcoin ETFs.