Wahed's HLAL is USD80M in market cap. So you imagine their portfolios have min 20-40% allocation to HLAL, that would mean roughly maybe USD400M max.

Now the Edge turns to report

https://www.theedgemarkets.com/article/stas...ement-over-us1b

Congrats StashAway! What a great milestone... hope they continue to grow & keep improving their service!

on a side note...just for comparison purposes...

Affin Hwang asset mgt in Malaysia manages over RM60 billion (as at 30 June 2020) in assets for retail and professional clients.

And that's with up to 5.5% sales charge, and up to 2% annual management fee.

Any idea on how much AUM does StashAway need to have for sustainable business?

Plus they are already established for 21 years as of 2021.

affin hwang may have some funds by themselves that exceed 1Bill USD.

I suppose one must start somewhere. Besides, I think both systems can co-exist for the short and medium term. After that, you may see M&A's.

I would be very interested if SA would be transparent on their profitability. It would be scary leaving assets with them if they are continually in the red

are you buying SA stocks or investing your money thru SAMY?

may I know if anyone has withdraw from their Simple acc to their bank account?

how long will it take for a huge amount? say around 8-10k

Amount doesn't matter, it may take 3-5 days. Quite slow.

ok thanks

Got a coursemate moved from MY to SG last year to do software engineering at StashAway. They have been expanding quite fast as well, I guess they will do alright.

HelloGold on the other hand tunggu mati je.

With regards to their recently published returns for 2020, does it reflect for the ports that are denominated in GBP as well?

Just to compare PNB AUM is greater than 300 billion. They really need to convince us by showing their AUM and sustainability. My fund in SA is nothing to compared with what i have in all the fixed priced fund in PNB.

Profile of people who tend to go to PNB fixed priced fund such as ASB as their main saving and inb

Doesnt matter, if they go down, we will be affected regardless, much like Smartly:

https://www.youtube.com/watch?t=1677&v=L7Kj3iMK7cM

Just to compare PNB AUM is greater than 300 billion. Flagship ASB alone is almost 200 billion. They really need to convince us by showing their AUM to prove the business sustainability before i can put more. My fund in SA is nothing to compared with what i have in all the fixed priced fund in PNB, stock and unit trust.

Profile of people who tend to go to PNB fixed priced fund such as ASB as their main saving and investment are generally risk averse. If SA can have a good track record of beating ASB for the next 5 years or so for the lower risk portfolio, then i dont see why they cant steal some of their business away. Surely lower risk portfolio is not the equivalent of fixed priced fund as by SA own definition it will fall under 0% risk index. But do this long enough with good track record, some might just be convinced.

This post has been edited by backspace66: Jan 25 2021, 07:04 PM

if they go down...you money is still being held by trustee.

I am more concern in force liquidation during unfavourable time and delay to get the liquidated fund.

if really concern of forced liquidation in time of unfavourable time....be it ex: (war inclusive)
so are your money in EPF, money in unit trust, gold and all other investments.....

your concern is valid, but
while waiting for the chances of it to happens......
i will do this.....

This post has been edited by MUM: Jan 25 2021, 07:11 PM


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