StashAway, Southeast Asian digital wealth manager for retail and accredited investors, announced that they’re managing more than US$ 1 billion (SG$ 1.35 billion) since their launch in 2017.
The firm said in a statement that it was able to generate such strong returns even through the last few years’ volatility through 2 market corrections in 2018 and a market crash in 2020.
StashAway reported that its portfolios generated annualised returns ranging from 15.1% for its highest risk portfolio to 4.3% for its lowest-risk portfolio.
In 2020, the portfolio returns ranged from 22.5% to 3.5% for those same portfolios, and consistently outperformed their same-risk benchmarks.
Michele Ferrario, Co-founder and CEO of StashAway said,
“When the company was founded, our objective was to significantly improve the way people build their wealth. For those who do invest their savings, traditional investment options just weren’t acceptable. But we knew that cash in the bank is actually our biggest competitor. In Asia, 46% of financial wealth is held in bank deposits, compared to 14% in North America.
That’s why we’ve always focused not only on sophisticated investment principles and a great customer experience, but also financial education to help more people understand how to better manage and grow their wealth. This relationship with our clients and the public has been a key to our fast growth.”
Featured image: From Left – Nino Ulsamer, CTO and Co-Founder of StashAway, Michele Ferrario, Co-founder and CEO of StashAway, Freddy Lim,CEO and Co-Founder of StashAway