Blockchain
Endowus launches six new Satellite Portfolios in partnership with leading global fund managers
Endowus has launched Singapore’s first satellite portfolios with institutional funds and 100% trailer fee rebates. The professionally designed and curated portfolios allow Retail and Accredited investors to add Satellite positions in the industry-leading Endowus digital wealth app, with the goal of providing diversified sources of alpha (above market returns) for Endowus app users in addition to its top-performing Core Flagship and ESG portfolios.
The six portfolios, Technology, Global Real Estate, Megatrends, China Equities, China Fixed Income, and Low-Volatility Fixed Income, were prioritised in response to strong customer demand for optimised exposure to these select market opportunities and more will follow in the coming months.
Each of these portfolios have gone through a rigorous quantitative and qualitative selection and portfolio optimisation process by the Endowus Investment Office. The team’s institutional screening process has identified best-in-class funds to build diversified portfolios most suitable for Singapore-based investors. Many of these funds were previously not available in Singapore, but were launched with Endowus to build these sophisticated Satellite portfolios.
“We are excited to launch the new Satellite portfolios that are professionally managed and optimised by Endowus in response to our clients’ needs. We worked closely with the leading global managers to bring best-in-class funds to build these popular satellite portfolios. They stand head and shoulders above other offerings in the market in terms of institutional sophistication and its diversified, optimised design. It perfectly complements our Core portfolios in allowing some active tilts to personal investment preferences to achieve better returns.” says Samuel Rhee, Chief Investment Officer of Endowus.
The Endowus Satellite Portfolios will feature funds managed by many award-winning world class managers such as AllianceBernstein, Allianz, BlackRock, Fidelity, Franklin Templeton, FSSA, Fullerton, Janus Henderson, JP Morgan, Neuberger Berman, Schroders, Thematics, UOB Asset Management.
“Traditional financial advisors have long been incentivised by fund managers to sell their products. This may result in advisors recommending higher cost products for their own benefit, rather than choosing what is best for their clients’ profile and needs. As we offer new and exciting investment opportunities, it is important that we continue to do so in an unbiased manner—and in areas that complement our investors’ needs,” says Endowus Chief Executive Officer, Gregory Van.
Cost remains the single most important determinant of future returns, so being cost-efficient is a key factor in bringing successful outcomes to these portfolios. Endowus’ industry-first and ongoing commitment to 100% trailer fee rebates and no sales fees continues with these Satellite portfolios. This transparent cost structure, along with accessing much lower fund-level fees, culminates in an estimated 67% in cost savings for Endowus clients on average compared to traditional satellite investing offerings. This commitment also ensures that Endowus’ selection of funds is based solely on their track record, experience and ability to deliver on performance, rather than incentives provided by the fund managers.
The anticipated return of $9 billion worth of Bitcoin from the Mt. Gox era has the potential to stir anxiety within the cryptocurrency market. This significant influx of Bitcoin, which has been tied up since the collapse of the Mt. Gox exchange in 2014, raises questions about its potential impact on market dynamics and investor sentiment.
The return of these long-dormant Bitcoin holdings may lead to increased volatility and uncertainty in the cryptocurrency market. Market participants are likely to closely monitor the movement of these funds and assess their potential impact on Bitcoin prices and overall market stability.
Additionally, the large-scale return of Bitcoin from the Mt. Gox era may trigger concerns about potential selling pressure and its effect on market liquidity. Investors may anticipate fluctuations in Bitcoin prices as these funds are reintroduced into the market and traded.
Furthermore, the return of these Bitcoin holdings highlights the ongoing legal and regulatory challenges associated with the Mt. Gox saga. The resolution of this long-standing issue could have far-reaching implications for investor confidence and the perception of security within the cryptocurrency ecosystem.
Overall, the anticipated return of $9 billion worth of Bitcoin from the Mt. Gox era has the potential to evoke anxiety among market participants and prompt heightened scrutiny of market dynamics. As the cryptocurrency market braces for this significant development, it remains to be seen how it will navigate the potential challenges and opportunities presented by the return of these funds.
Source: blockchain.news
The post Anticipated Return of $9B Mt. Gox-era Bitcoin May Spur Market Anxiety appeared first on HIPTHER Alerts.
Blockchain
Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration
Binance is currently embroiled in a legal dispute in Canada over allegations of selling cryptocurrency derivative products without proper registration. This lawsuit underscores the regulatory challenges facing the cryptocurrency exchange in various jurisdictions.
The lawsuit accuses Binance of offering crypto derivative products to Canadian investors without obtaining the necessary registration from Canadian securities regulators. This legal action highlights the importance of compliance with regulatory requirements in the cryptocurrency industry, particularly concerning the sale of derivative products.
Binance’s legal woes in Canada reflect broader concerns about regulatory compliance and investor protection within the cryptocurrency sector. As authorities worldwide increase scrutiny of cryptocurrency exchanges and trading platforms, companies like Binance face mounting legal and regulatory challenges.
The outcome of this lawsuit could have significant implications for Binance and the broader cryptocurrency industry in Canada. Depending on the court’s ruling, it could lead to increased regulatory oversight and stricter enforcement measures for cryptocurrency exchanges operating in the country.
In response to the lawsuit, Binance has stated that it is committed to compliance with all applicable laws and regulations in the jurisdictions where it operates. However, the outcome of this legal dispute will likely shape the regulatory landscape for cryptocurrency exchanges in Canada and influence their future operations and compliance efforts.
Source: blockchain.news
The post Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration appeared first on HIPTHER Alerts.
The Cardano Foundation has announced the launch of Pragma, marking a significant milestone in open-source blockchain development. Pragma aims to revolutionize Cardano by enhancing its infrastructure through innovative open-source projects.
Pragma represents a new chapter in the evolution of Cardano, focusing on improving its underlying infrastructure and expanding its capabilities. The initiative underscores the Cardano Foundation’s commitment to fostering innovation and driving progress within the blockchain ecosystem.
By leveraging open-source projects, Pragma seeks to enhance Cardano’s functionality and scalability, paving the way for broader adoption and increased utility. These efforts are expected to unlock new opportunities for developers and users alike, further cementing Cardano’s position as a leading blockchain platform.
Pragma’s launch highlights the ongoing evolution of Cardano and its commitment to pushing the boundaries of blockchain technology. Through collaborative open-source development, Pragma aims to address key challenges and drive continuous improvement within the Cardano ecosystem.
The Cardano Foundation’s announcement of Pragma signals a significant step forward in its mission to build a decentralized and sustainable blockchain infrastructure. With Pragma, Cardano is poised to embark on a new era of innovation and growth, setting the stage for a future of unprecedented possibilities in blockchain development.
Source: cryptonews.com
The post Cardano Foundation Launches PRAGMA: A New Chapter in Open-Source Blockchain Development appeared first on HIPTHER Alerts.
-
Blockchain Press Releases7 days agoCanaan Shines at Blockchain Life 2024 in Dubai
-
Blockchain7 days agoQuantum eMotion Files a Patent for Quantum-based Blockchain Wallet Under the Patent Cooperation Treaty (PCT)
-
Blockchain6 days ago
Phoenix Group Engages BHM Capital as Liquidity Provider to Boost ADX Liquidity and Enhance Market Dynamics
-
Blockchain7 days ago
Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins
-
Blockchain6 days ago
Crypto fans count down to bitcoin’s ‘halving’
-
Blockchain6 days ago
Tether USDT stablecoin goes live on TON blockchain
-
Blockchain Press Releases6 days agoDWF Labs joins the Klaytn Governance Council
-
Blockchain Press Releases2 days agoDeFi Lens builds advanced Generative AI for Technical Analysis
