Digital wealth app Endowus has officially launched the Endowus Income Portfolios, which were designed to match the different needs, risk appetites and goals according to the varying life stages of Singapore-based investors.
The three life-stage based portfolios – Stable Income (for the older generation), Higher Income (for the “sandwich” generation) and Future Income (for the younger generation) – have varied monthly payouts pegged to different risk tolerance levels and immediate income needs.
They all have a common ground to facilitate a viable and stable long-term passive income stream with capital preservation in mind.
The current target payouts are projected to range between 4.0% to 6.0% per annum.
All three portfolios are built with a focus on market resilience as an all-weather approach, investing in a diversified portfolio across geography.
The Endowus Investment Office worked with 12 global fund managers – Aberdeen, Alliance Bernstein, Allianz, Blackrock, Columbia Threadneedle, Dimensional, Fidelity, First Sentier, JP Morgan, Neuberger Berman, PIMCO and Schroders – to curate and build the multi-manager Income Portfolios for each life stage.
Samuel Rhee
Samuel Rhee, Co-founder and Chairman, Endowus shared,
“Many clients have been actively seeking a passive income solution that is suitable for them. There are a vast array of options available in the market today. These options look too similar, are often too costly and do not lead to good outcomes. It’s often because they are poorly designed with payout from the capital of the savings.
Our team listened to our clients and designed the Endowus Income Portfolios to meet their real-world needs for the type and amount of passive income that they want now and what they desire for their future,”
Gregory Van
Gregory Van, CEO of Endowus said,
“The Endowus Income Portfolios arose from consistent feedback from our clients to bring our expertise and effortless digital experience to build a differentiated passive income solution.
We are thrilled to observe the keen interest from our existing clients as we saw more than S$10 million invested in a few weeks, and look forward to serving all Singapore-based investors with the public launch today.”
