Singapore-based digital investment platform Syfe has expanded its offering with the launch of discretionary portfolio services in Hong Kong.
Syfe has launched discretionary managed portfolio services in Hong Kong, according to a statement. The portfolios will focus on generating passive income with targeted monthly payouts ranging from 6-8.6 percent per annum.
The portfolios are constructed using active funds managed by firms such as HSBC, Franklin Templeton and AllianceBernstein. As part of its commitment to provide access to «best-in-class institutional strategies at a fraction of the cost», the portfolios will have a minimum funding requirement of just HK$10,000 ($1,280).
«Our suite of [solutions] is the culmination of our proven expertise and our sustained commitment to democratizing access to institutional-level investment services. We will continue to evolve and innovate to lead the charge for next-gen financial solutions,» said Archit Parakh, Syfe’s group head of risk and head of investments for Hong Kong.
Syfe was founded in 2019 and has operations in Singapore, Hong Kong and Australia, serving over 100,000 clients. It has raised more than HK$400 million from various investors including Valar, KKR and more.
