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Syfe Hong Kong launches Income+ with target monthly payouts of up to 8.6% p.a.

New offering enables investors to seize market opportunities and grow passive income

HONG KONG SAR – Media OutReach – 9 August 2023 – Syfe, headquartered in Singapore and one of Asia Pacific’s fastest-growing and leading digital investment platforms, today announces the launch of Syfe Income+ in Hong Kong, a discretionary managed portfolio service that aims to provide investors with access to passive income opportunities, with target monthly payouts* ranging from 6.0% to 8.6%1 p.a.

Syfe organized a seminar on 8 August to officially launch Syfe Income+ in Hong Kong, discussing perspectives on fixed income investment opportunities and how Syfe Income+ can help investors grow their passive income amid ongoing market uncertainty. The Syfe team was joined by elite industry speakers including Neil Tan, Chairman of the FinTech Association of Hong Kong; Wilson Au, Head of Market Strategists, Wholesale Business, HSBC Asset Management; Simon Wong, Co-Head of Hong Kong and Head of Retail Sales, Greater China, Franklin Templeton Investments (Asia) Limited, Hong Kong; and Oscar Choi, Founder and CIO, OP Capital.
Syfe organized a seminar on 8 August to officially launch Syfe Income+ in Hong Kong, discussing perspectives on fixed income investment opportunities and how Syfe Income+ can help investors grow their passive income amid ongoing market uncertainty. The Syfe team was joined by elite industry speakers including Neil Tan, Chairman of the FinTech Association of Hong Kong; Wilson Au, Head of Market Strategists, Wholesale Business, HSBC Asset Management; Simon Wong, Co-Head of Hong Kong and Head of Retail Sales, Greater China, Franklin Templeton Investments (Asia) Limited, Hong Kong; and Oscar Choi, Founder and CIO, OP Capital.

Syfe Income+ portfolios are designed and curated using best-in-class active funds managed by leading asset managers such as HSBC, Franklin Templeton and AllianceBernstein. Benefiting from these asset managers’ market insights and time-tested investment approach built on decades of experience, this solution offers institutional grade fixed income strategies to help investors navigate unforeseen market conditions and rising interest rates with ease and flexibility, enabling them to optimize their income at a low cost.

The purpose of Income+ closely matches the needs of local investors according to a recent survey conducted by Syfe. Based on a survey and in-depth follow-up interviews, the findings revealed that financial freedom is a top priority amongst Hong Kong investors, with one-third of the respondents citing it as their overall financial goal. In terms of investment objectives, the majority continue to look for opportunities to earn interest income (64%), while 45% of them are aiming to preserve capital or beat inflation. Such results highlight the need for high-quality investment portfolios that help investors earn passive income while building their wealth over the long haul.

“In a market environment fraught with lingering uncertainties, persistent inflation and high interest rates, a diversified investment portfolio that tackles the diverse yet specific needs of investors is of utmost importance. Our ultimate aim is to empower investors with a regular stream of passive income by optimizing asset allocations and maximizing potential wealth, while effectively managing risks. Syfe is here to do just that — and do it well, with the unparalleled versatility and affordability of our holistic financial solutions,” said Kevin Li, General Manager and Head of Hong Kong, Syfe.

Tailored fixed income portfolios for different risk appetites

To better cater to investors’ individual risk appetite and meet their financial goals, Syfe Income+ consists of two uniquely tailored fixed income portfolios, namely Income+ Pure and Income+ Enhance.

Income+ Pure employs a strategy that focuses predominantly on globally diversified, high-quality bonds such as US Treasuries and investment-grade corporate bonds, geared towards those seeking a regular monthly income with a lower risk appetite. It offers target monthly payouts of 6.0%–7.0%1 p.a.

Income+ Enhance employs a strategy that focuses on credit to generate higher returns, which involves investing in higher-yielding, lower-rated bonds such as high-yield corporate bonds, in addition to global equities and other fixed income assets. With a target monthly payouts of 7.6%–8.6%1 p.a., it is tailored for those seeking a higher monthly income and potential long-term capital appreciation.

The Income+ portfolios have a minimum funding requirement of HK$10,000, and clients have the option to switch between receiving monthly payouts directly in their bank accounts or reinvesting the payouts, depending on their immediate financial needs.

Best-in-class institutional strategies at a fraction of the cost

Syfe’s mission to offer best-in-class institutional strategies at a fraction of the cost is evident in its Income+ portfolios, which primarily use institutional share class funds or pass on 100% of the trailer fee rebate to significantly reduce the fees that investors typically pay to access such strategies. Together with an all-inclusive flat charge as low as 0.35% per annum, investors enjoy maximum flexibility and peace of mind, free from any lock-in periods, subscription fees or withdrawal penalties.

Moreover, constructed with actively managed funds domiciled in Hong Kong and Luxembourg, the Income+ portfolios help to reduce the impact of the performance of any single bond or asset class on the overall portfolios through exposure to a diverse basket of fixed income assets, while providing greater tax efficiency that could potentially save Hong Kong-based investors up to 30% in dividend withholding taxes.

“Our suite of Income+ solutions is the culmination of our proven expertise and our sustained commitment to democratizing access to institutional-level investment services. Our carefully curated portfolios prioritize flexibility and diversification, both of which are pivotal to addressing clients’ financial needs and complementing wealth strategies over long and short periods. We will continue to evolve and innovate to lead the charge for next-gen financial solutions,” commented Archit Parakh, Group Head of Risk and Head of Investments for Hong Kong, Syfe.

Notes to Editors:

1. As of 30 Jun 2023. Statistics are based on the weighted fund allocation within each portfolio. For more information, please visit https://www.syfe.com/hk/magazine/income-plus-investment-strategy-learn-more/.

    Hashtag: #Syfe

    The issuer is solely responsible for the content of this announcement.

    Syfe

    Syfe, founded in 2019, is one of the fastest-growing smart investment platforms in the Asia-Pacific region with operations in Singapore, Hong Kong, and Australia, serving over 100,000 clients. Regulated by the Monetary Authority of Singapore and the Hong Kong Securities and Futures Commission (license number: BRQ741), Syfe provides professional services to investors, investing in baskets of stocks, bonds, and funds, enabling clients to access effective wealth management services at a low cost.

    Syfe has raised over HK$400 million in funding from Valar, the lead investors behind some of the world’s largest fintech companies such as Wise, Xero, N26; Unbound VC and partners from DST Global and KKR.

    Syfe holds licenses from the Hong Kong Securities and Futures Commission (SFC) for Type 1 (dealing in securities), Type 4 (advising on securities), and Type 9 (asset management) activities (license number: BRQ741) and is authorized to engage in related investment activities.

    Disclaimer
    *Income+ portfolio is built with an objective to achieve a target monthly payout range in the current market environment. Target monthly payout is not guaranteed and is subject to market movements. Past distributions are not necessarily indicative of future trends, which may be lower. A positive monthly payout or distribution yield does not imply a positive return. There is a minimum amount of HK$10,000 to start investing. Investment involves risk. Source: Syfe, fund factsheets. As of 30th June 2023, 14:30 HKT. Statistics are based on the weighted fund allocation within each Income+ portfolio.

    Vang Vieng Forced to Suspend Tourism Activities Amid Torrential Rain and Floods

    The Nam Song River has seen an alarming rise in water level since last week.

    Due to a recent bout of heavy rains, the Vang Vieng district is on high alert for possible flooding, which has led to the district administration notifying tourism operators to suspend a number of activities for the safety of tourists, particularly those located near waterways.

    Second Son of Thailand’s King Returns to Country Unexpectedly After Decades of Estrangement

    In this photo provided by the Foundation For Slum Child Care, Vacharaesorn Vivacharawongse, center back, visits the daycare center in Bangkok, Thailand, Tuesday, 8 August 2023. The estranged son of Thailand's King Maha Vajiralongkorn visited the daycare center for underprivileged children in Bangkok on Tuesday following his surprise return to the country after 27 years of living abroad. (Photo: Foundation For Slum Child Care via AP)

    BANGKOK (AP) — The estranged son of Thailand’s King Maha Vajiralongkorn visited a daycare center for underprivileged children in Bangkok on Tuesday following a surprise return to the country after 27 years of living abroad.

    Essential Tips For Traveling Safely During the Wet Season in Laos

    Tourists in Laos

    Traveling during the wet season in Laos requires extra caution and preparation due to the increased risk of heavy rain, flooding, and potential disruptions. The wet season in Laos typically lasts from May to October. To ensure a safe and enjoyable trip, consider the following tips:

    Oudomxay Woman Stuck in Floods Gives Birth After Being Rescued by Crane to Safety

    Oudomxay Woman Gives Birth to First Born After Being Lifted by Crane to Safety
    Sone, the woman in labor, being lifted from one side of the road to the other. (Photo: Somchit Khamphouvieng)

    In the heart of the tumultuous flood that engulfed part of a road in Nam Kat Village, Muang Xai District, Oudomxay province, an awe-inspiring story unfolded on Monday as Sone, a pregnant woman in labor, who was unable to get to the hospital, was miraculously rescued to safety by relatives and villagers with the help of a crane.

    Laos Sees Highest Trade Deficit of 2023 in July at USD 166 Million

    Exports and imports in Laos. (Photo: The Star)

    Laos’ imports and exports totaled over USD 1 billion in July; exports were valued at USD 429 million, while imports were approximately USD 595 million, resulting in a trade deficit of USD 166 million, the highest reported this year.

    “JD-Just Dating” App’s Online Dating Survey in Hong Kong Reveals: 70% Have Met Online

    Women More Proactive Than Men in Seeking Romance, Preferring “Mature Men”

    HONG KONG SAR – Media OutReach – 9 August 2023 – The advancement of smartphones has indeed created a world where anything is possible. Modern people constantly check their phones, and with just a swipe on dating apps, singles can meet new friends or even find their ideal partners.

    JD新聞稿-EN_EN1 (2).jpg

    A recent statistical survey conducted by the popular dating app “JD-Just Dating” has unveiled several interesting online dating phenomena in Hong Kong. 78% of singles aged 25 to 45 have met their online dates in person, with 1 out of every 6 of them having intimate relationships with online friends for the first time. Moreover, women in Hong Kong invite somebody on a date 1.22 times more than men.

    Further analysis reveals that over half of Hong Kong males seek partners who are “easy to talk to” and of a similar age, whereas women prefer “Mature Men,” even finding men with a slight belly more attractive and protective. It is worth noting that 60% of women with this preference are primarily young ladies aged between 22 and 28.

    78% of Hong Kong People Have Met Online Dates; 1 out of 6 Experience Intimate Relationships on First Meeting

    When it comes to dating needs, men and women have different preferences. According to a survey conducted by an online dating app “JD” from 25th June to 20th July 2023, which analyses data from 1,500 Hong Kong users aged between 20 and 45, 78% have met their online dates, and on average, 1 in 6 have had intimate contact with someone they met online for the first time.

    Hong Kong Women Invite Someone on a Date 1.22 Times More Than Men

    Interestingly, data analysis from “JD” app’s “Dating Invitation” feature reports that women initiate dating invitations 1.22 times more than men, with an average of 11 invitations sent by each woman daily, showing that females in the user group are more proactive than males. While women mostly invite for “romantic candlelit dinners,” men often suggest “car rides,” each expressing different romantic notions.

    圖2-eng (1).jpg


    Desirable Qualities in a Partner: Hong Kong Women Prefer Men with Slight Belly Over Muscles
    What qualities should one possess to be popular in online dating? Analysis by “JD” discovered that over half of Hong Kong men seek partners who are “easy to talk to” and of similar age, with physical appearance only as a secondary factor. However, 30% of men admit to seeking “long-legged women.”

    In contrast, 62% of Hong Kong women prefer “Mature Men,” wanting partners 7 to 12 years older. Surprisingly, most women find men with a slight belly more attractive than those with six-pack abs. Young women aged between 22 and 28 especially perceive such men as more appealing, who provide a better sense of security.
    “JD-JustDating” is a casual dating app, offering hassle-free dating services that allow users to date and meet online friends anywhere, anytime. With unique location and dating features, young men and women can find their matches quickly and accurately. “JD” has members across the USA, Mexico, Taiwan, Hong Kong, and various parts of Asia.

    Learn more about JD-JustDating now: https://www.justdatingapp.com/invite.php

    Hashtag: #jd #justdating #datingapp

    The issuer is solely responsible for the content of this announcement.

    Keelung City Promotes its Beauty as a Coastal and Mountain City In NATAS Holidays

    KEELUNG, TAIWAN – Media OutReach – 9 August 2023 – The Keelung City Government of Taiwan will participate in the NATAS Holidays, a travel exhibition for the fall season, from August 11th to 13th, 2023, in Singapore. Through this travel exhibition, the delegation aims to showcase Keelung’s stunning beauty of mountains, sea, traditional culture, and distinct cuisine to the people of Singapore, thereby attracting Singaporeans to consider Keelung as a travel destination. Interactive activities will be organized on-site, and participants will be gifted a set of versatile and charming Keelung-themed tissue bags showcasing imagery of local cuisine, with the hope that visitors will enthusiastically visit the Keelung City Government booth at the exhibition to participate in the activities.

    Caption
    Chengbin Fishing Harbor Colorful Houses

    In recent years, the Keelung city government has been actively promoting tourism to the Singapore market, hoping to introduce Keelung, a mountainous harbor city with the best cruise ship homeport in Asia, to the Singapore public and let them know about Keelung’s rich tourism resources and splendid nature, such as the Waimushan Seaside Scenic Area, which was selected as one of the “Top 10 Attractive Waters” in Taiwan, and the Heping Island Park, which is rated as one of the 21 most beautiful sunrise scenes in the world, etc. What’s more, for Singapore foodies who love Taiwanese food, a visit to Keelung’s Miaokou Night Market can practically cover almost all of Taiwan’s classic culinary delights, offering a rich travel experience for those who visit Keelung, Taiwan.

    At the exhibition, the Keelung City Government will also prepare highlight videos accompanied by a variety of bilingual promotional materials in Chinese and English as a reference to visitors to the travel show, hoping to introduce and familiarize the people of Singapore with Keelung. The Keelung City Government enthusiastically welcomes Singaporean visitors to explore this city full of surprises and encourages them to embark on a fascinating journey to Keelung.

    Hashtag: #KeelungCity

    The issuer is solely responsible for the content of this announcement.