Digital wealth platform Endowus has launched the Endowus Income Portfolios, three “life-stage based portfolios” that offer varied monthly payouts, pegged to different risk tolerance levels.
The three portfolios are: Stable Income (for the older generation), Higher Income (for the “sandwich” generation) and Future Income (for the younger generation). Current target payout rates range from 4.0% to 6.0% per annum, reads a Jan 25 press release.
The new portfolios feature a multi-fund manager, diversified portfolio without lock-in periods and no exclusive arrangements with fund managers to lower fees for clients.
Endowus worked with 12 global fund managers, namely Aberdeen, Alliance Bernstein, Allianz, Blackrock, Columbia Threadneedle, Dimensional, Fidelity, First Sentier, JP Morgan, Neuberger Berman, PIMCO and Schroders; to build the multi-manager income portfolios.
With a multi-asset approach, the fixed income allocations, while globally diversified in nature, are also all hedged to the Singapore dollar to minimise currency risk, adds the company.
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Soft-launched to existing Endowus clients in December 2021, more than $10 million has been funded into the Income Portfolios in just three weeks, says the company.
“Many clients have been actively seeking a passive income solution that is suitable for them. There are a vast array of options available in the market today. These options look too similar, are often too costly and do not lead to good outcomes,” says Endowus chairman and chief investment officer Samuel Rhee.
“It’s often because they are poorly designed with payout from the capital of the savings. Our team listened to our clients and designed the Endowus Income Portfolios to meet their real-world needs for the type and amount of passive income that they want now and what they desire for their future,” he adds.
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The Endowus Income Portfolios add to the full suite of investment solutions offered by the digital wealth platform. This includes its two Core portfolios: Flagship, available for investment with cash savings, CPF & SRS; and the ESG Portfolio.
Endowus also offers six Satellite Portfolios. It also has the Cash Smart range of cash management portfolios as well as its Fund Smart platform, which lists over 200 selected best-in-class funds.
Headquartered in Singapore and licensed by the Monetary Authority of Singapore, Endowus is the first digital advisor in the region to span both private wealth (cash) and public pension savings (CPF and SRS).
Founded in 2017, Endowus has raised a total of $67 million in funding from investors such as EDBI, Prosus Ventures, Z Venture Capital, UBS, Samsung Ventures, Singtel Innov8, and global leading venture capital firms Lightspeed Venture Partners and SoftBank Ventures Asia.
Photos: Endowus
