StashAway partners with BlackRock to offer multi-asset model portfolios to its clients
StashAway, a digital wealth platform, and BlackRock have come together to offer a suite of globally diversified multi-asset model portfolios that are built from BlackRock’s analytics and ETFs, which are managed by StashAway. The portfolios will be available to investors via the StashAway app.
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.”
On the StashAway app, General Investing portfolios make it easy for all investors to get access to globally diversified, multi-asset portfolios of ETFs that are optimised for long-term risk-adjusted returns. Investors can now choose from three different General Investing strategies: The StashAway-powered General Investing portfolio optimises for long-term risk adjusted returns while keeping risk constant; the Responsible Investing portfolio does the same while also optimising for ESG impact. Following the latest collaboration with BlackRock and StashAway, the third portfolio BlackRock-powered General Investing portfolio is a new long-term investment strategy that offers even broader diversification for the investor.
“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,” shares Stephanie Leung, StashAway Co-CIO.
StashAway first launched in 2017 with its own General Investing portfolios, and has since then expanded its offering to include ESG investing, multiple thematic portfolios, and cash growth. Over the last 6 months alone, StashAway has introduced more investment options onto its platform: It launched StashAway Reserve to give Accredited Investors in Singapore easy access to angel investing, private equity, venture capital, and digital assets. And just last month, StashAway introduced Flexible Portfolios, a way for investors to control their portfolios’ asset allocations.
“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. Investing is a journey. It takes time to amass enough wealth to start diversifying investment strategies. And we want to be there every step of the way for our clients,” says StashAway Co-Founder and CEO, Michele Ferrario.
All new deposits into General Investing powered by BlackRock will be managed for free through 31 July 2023. Thereafter, the management fee is the same as StashAway’s other portfolios, 0.2 to 0.8% per annum.
StashAway is a digital wealth manager that offers investment portfolios and wealth management solutions for both retail and accredited investors and operates in Singapore, Malaysia, the Middle East and North Africa, Hong Kong, and Thailand.
As of January 2021, the company surpassed $1 billion USD in assets under management. In 2020, StashAway was recognised as a Technology Pioneer by The World Economic Forum and a Top 10 LinkedIn Startup. In 2021, StashAway was awarded a spot in the Fintech Global’s 2021 Wealthtech 100 list and won the bronze award for the SG Techblazer Award in the Most Promising Innovation Category. StashAway took first place in the category for Singapore Financial Institution at the SFF Global FinTech Awards 2021 presented by the Monetary Authority of Singapore (MAS) and the Singapore FinTech Association (SFA).
BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable.
For StashAway General Investing portfolios that are powered by BlackRock, BlackRock provides StashAway with non-binding asset allocation guidance. StashAway manages and provides these portfolios to you, meaning BlackRock does not provide any service or product to you, nor has BlackRock considered the suitability of its asset allocations against your individual needs, objectives, and risk tolerance. As such, the asset allocations that BlackRock provides do not constitute investment advice, or an offer to sell or buy any securities.
BlackRock® is a registered trademark of BlackRock, Inc. and its affiliates (“BlackRock”) is used under license. BlackRock is not affiliated with StashAway and therefore makes no representations or warranties regarding the advisability of investing in any product or service offered by StashAway. BlackRock has no obligation or liability in connection with the operation, marketing, trading or sale of such product or service nor does BlackRock have any obligation or liability to any client or customer of StashAway.