Groups such as Allfunds and Endowus are part of a change in how funds are transacted by wealth managers and other players.
Endowus is based in Hong Kong and Singapore, and Allfunds has joint headquarters in Madrid and London.
Groups such as Allfunds and Endowus are part of a change in how funds are transacted by wealth managers and other players, harnessing modern digital technology to remove old paper-based systems.
The partnership with Allfunds has enabled Endowus to curate and onboard investment funds from a large universe of fund houses available on the Allfunds platform, bypassing the onerous process of negotiating individual distribution agreements with each fund manager, the firms said in a statement yesterday.
Endowus’ offerings include a self-serve fund platform, also known as Fund Smart. Clients can choose to invest in single mutual funds, or build multi-fund portfolios.
By integrating with Allfunds, investors in Hong Kong have access to more than 160 curated funds managed by 50 global managers in both the public and private markets.
Last October, Credit Suisse, which had an 8.6 per cent stake in Allfunds, said it was going to sell it. (See a related story here.)