StashAway launches first-of-its-kind income portfolio with flexible payout options in partnership with J.P. Morgan Asset Management

SINGAPORE - 18 July 2024 - StashAway, a regional investment platform, has launched a new fixed-income portfolio, Income Investing powered by J.P. Morgan Asset Management, designed to offer a simpler way of earning consistent income. The Income Investing portfolio is the first-of-its-kind to provide investors with full flexibility to customise their income stream, with the option to switch between reinvesting dividends and receiving a regular payout. 

Over half of Singapore residents rely on investment income for financial security, according to a 2024 survey. Despite this, many investors are confined by traditional income solutions that force a choice between reinvestment and cash payout. Recognising the fluidity of investors’ financial needs, the Income Investing portfolio offers flexible payout options, including the ability to adjust the payout amount and cadence at any time (Appendix).

“Singapore investors have been enjoying the benefits of higher interest rates, but with growing anticipation of potential rate cuts, many are now looking to secure attractive longer-term yields. Our Income Investing portfolio presents a timely solution,” said Michele Ferrario, Co-founder and CEO of StashAway. “We know that our financial needs can and do change over time. Yet, investment solutions today still adopt a one-size-fits-all approach. That’s why we’re once again challenging the status quo with a solution that puts investors in the driver’s seat, allowing them to decide when extra cash flow takes priority and when to let their money compound.”  

Simple, low-cost access to JPMAM fixed-income solutions

Leveraging the expertise of J.P. Morgan Asset Management (JPMAM), one of the world's leading investment managers, the Income Investing portfolio is a hassle-free way to invest in a globally-diversified fixed-income portfolio. JPMAM will provide market insights and asset allocation guidance for the portfolio, which is managed by StashAway. With the aim of maintaining low volatility while optimising yield, the Income Investing portfolio has a 5.51% p.a.* yield to maturity (as of 31 May 2024). 

This partnership allows retail investors to access a broad range of JPMAM fixed-income strategies at one of the lowest fees in the market, with no minimum investment amount. StashAway clients will see significant cost savings from a 100% rebate on trailer fees and the elimination of additional charges like upfront fees, translating to higher net returns for clients. 

“We are excited to partner with StashAway to launch ‘Income Investing’ powered by J.P. Morgan Asset Management. This partnership will give investors access to J.P. Morgan Asset Management’s institutional insights and investment capabilities via StashAway’s platform, presenting a globally diversified and actively managed fixed-income portfolio for the local market,” said Leon Goldfeld, APAC Head of Asset Management Solutions at J.P. Morgan Asset Management. 

To offer clients greater peace of mind, the portfolio is hedged to the Singapore dollar, minimising currency risk while providing global diversification. 

A comprehensive suite of investment solutions for building long-term wealth 

The Income Investing portfolio will join StashAway’s suite of core investment solutions designed to help clients build foundational wealth over the long term, including the General Investing portfolios powered by StashAway or BlackRock®. 

Consistent with StashAway’s other investment offerings, the Income Investing portfolio follows the same transparent, straightforward management fee structure of 0.2% to 0.8% p.a., with no lock-ins or minimum investment required. 

To find out more about StashAway’s Income Investing portfolio, please visit: https://www.stashaway.sg/income-investing 

About StashAway

StashAway is a digital wealth manager that offers investment portfolios and wealth management solutions for both retail investors and high-net-worth individuals (HNWIs)  and operates in Singapore, Malaysia, the Middle East and North Africa, Hong Kong, and Thailand.

As of January 2021, the company surpassed $1 billion USD in assets under management. In 2020, StashAway was recognised as a Technology Pioneer by The World Economic Forum and a Top 10 LinkedIn Startup. In 2021, StashAway was awarded a spot in the Fintech Global’s 2021 Wealthtech 100 list and won the bronze award for the SG Techblazer Award in the Most Promising Innovation Category. StashAway took first place in the category for Singapore Financial Institution at the SFF Global FinTech Awards 2021 presented by the Monetary Authority of Singapore (MAS) and the Singapore FinTech Association (SFA).

About J.P. Morgan Asset Management

J.P. Morgan Asset Management, with assets under management of USD 2.67 trillion (as of 31 March 2023), is a global leader in investment management. J.P. Morgan Asset Management's clients include institutions, retail investors and high net worth individuals in every major market throughout the world. J.P. Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity.

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of USD 3.7 trillion (as of 31 March 2023) and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of customers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

Notes: 

*The yield to maturity is provided by J.P. Morgan Asset Management and is not a guarantee for future returns. Yield to maturity is indicated for an SGD-hedged portfolio. The latest annualised yield is as of 31 May 2024 and may change depending on market conditions.

For StashAway Income Investing portfolios that are powered by J.P. Morgan Asset Management, J.P. Morgan Asset Management provides StashAway with non-binding asset allocation guidance. StashAway manages and provides these portfolios to you, meaning J.P. Morgan Asset Management does not provide any service or product to you, nor has J.P. Morgan Asset Management considered the suitability of its asset allocations against your individual needs, objectives, and risk tolerance. As such, the asset allocations that J.P. Morgan Asset Management provides do not constitute investment advice, or an offer to sell or buy any securities.

J.P. Morgan Asset Management is not affiliated with StashAway and therefore makes no representations or warranties regarding the advisability of investing in any product or service offered by StashAway. J.P. Morgan Asset Management has no obligation or liability in connection with the operation, marketing, trading or sale of such product or service nor does J.P. Morgan Asset Management have any obligation or liability to any client or customer of StashAway.