Asian digital wealth manager Endowus has teamed up with Amundi Alternatives to provide its private wealth clients with access to alternative solutions.
The partnership will see Endowus offer its customers the investment strategies of Bridgewater Associates, a US-based portfolio manager.
The move will expand the wealth manager’s alternatives proposition to accredited investors in Hong Kong and Singapore.
Endowus and Amundi already have a partnership in place for active and passive investments.
Amundi Alternatives was established in January 2022 following the acquisition of Lyxor Asset Management.
“Creating opportunities for our clients to access institutional-quality, industry-leading investment solutions to help them reach their wealth goals has been our core mission since day one,” said Samuel Rhee, chairman and chief investment officer of Endowus.
“We are excited to work with our partners, Amundi and Bridgewater, to provide our clients the opportunity to invest into Bridgewater’s time-tested investment solutions. These offerings will now be part of our broadening suite of private market and alternative investments on the Endowus platform, which allows individual investors to implement their diverse asset allocation needs all seamlessly on a single Endowus app.”
Albert Tse, Amundi’s south Asia chief executive, added: “Through Amundi Alternatives, we have continually been enriching the offerings for our clients, who are actively seeking good and effective opportunities to invest in alternative assets. We have a longstanding relationship with Endowus in designing and offering industry-leading funds through the platform – for instance the launch of Amundi’s low-cost passive index series last year. We are delighted to be partnering with them to onboard the Bridgewater strategies funds to its platform and meet its clients’ growing and sophisticated needs.”