Digital wealth platform StashAway has partnered American investment company BlackRock to launch multi-asset model portfolios for investors. Available on the StashAway app, this is the platform’s third portfolio.
All new deposits into the General Investing powered by BlackRock portfolio will be managed for free until July 31, 2023. Thereafter, the management fee will be the same as StashAway’s other portfolios, at 0.2% to 0.8% p.a., says the company in a Sept 1 press release.
Peter Loehnert, head of ETFs and index investing, APAC at BlackRock says: “We are excited that StashAway is launching portfolios powered by BlackRock’s analysis. This partnership will give more investors across Asia access to BlackRock’s insights and investment capabilities via StashAway’s platform, offering diversified and liquid ETFs as building blocks for portfolio construction, maximising the value of ETF investing.”
StashAway first launched in 2017 with its own General Investing portfolios, and has since expanded its offering to include ESG investing, multiple thematic portfolios and cash growth.
Stephanie Leung, StashAway’s co-chief investment officer, says: “We know from research and feedback that investors like to try out different investment strategies and to diversify their investments. We’re not looking to become a supermarket of investment options; we’re curating the absolute best of the best of what’s out there so that investors who understandably want to do different things with their money can do it in one place.”
StashAway recently launched StashAway Reserve, giving local accredited investors access to angel investing, private equity, venture capital and digital assets.
See also: Stashaway launches second cash management portfolio with up to 3.2% p.a. projected return
In July, StashAway introduced Flexible Portfolios, allowing investors to control their portfolios’ asset allocations from more than 55 different asset classes.
StashAway co-founder and chief executive officer Michele Ferrario says: “We started out with a single investment strategy, but we always wanted to evolve into a platform that provides investors not only easy access to the best investment options, but also investment options that they could grow into.”
StashAway operates in Singapore, Malaysia, the Middle East and North Africa, Hong Kong and Thailand. As of January 2021, the company surpassed US$1 billion ($1.40 billion) in assets under management.
