I am an expat living in Hong Kong. In recent years, a crop of new financial service providers have emerged in Asia (founded by senior executives from major firms like UBS, Morgan Stanley).
They target the "mass-affluent" population and offer multi-income portfolios with attractive target payouts (e.g. 7-10%) that they achieve by using options strategies, access to top PE/private credit funds (not normally available to retail) and other such methods in addition to traditional asset classes. They often co-market their offerings with the likes of J.P. Morgan, which seems to lend credibility.
A couple examples: https://www.syfe.com/hk/magazine/income-max/ , https://endowus.com/flagship
What are your views on this type of thing? Has it become common in the U.S. and other markets?
What do you make of multi-asset service providers?
byu/chromespinner inpersonalfinance
Posted by chromespinner