Digital wealth platform StashAway and BlackRock have joined forces to offer a range of multi-asset model portfolios in Asia.
They have been built using BlackRock’s analytics and ETFs, which are managed by StashAway. The portfolios will be available to investors via the StashAway app.
Investors will be able to 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, while the third portfolio BlackRock-powered General Investing portfolio is a long-term investment strategy that offers diversification for the investor.
New deposits into the portfolios 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.
Peter Loehnert, head of ETFs and index investing for Apac at BlackRock, said: “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.”
Michele Ferrario, StashAway co-founder and chief executive, added: “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.”
Stashaway offers services across the Asia Pacific, Middle East and North African regions.