In a recent article by South China Morning Post, our CEO, Kit Wong was interviewed on how amid uncertainty in financial markets (a result of slowing economic conditions and the impending trade war), small investors are turning to private equity. Mr Wong explains:
“ That’s because private equity, being a very long-term hold, takes away some of the short-term volatility that people are seeing in the market ”.
At the same time, the article shows the decline in the amount of wealth held by high-net-worth individuals globally. This was reported by consulting firm Capgemini for the first time in seven years last year. They reported Global wealth declined by US$2 trillion in 2018, as a result of decline in the Asia-Pacific region and China.
It’s against this backdrop that our wealth management app, LU-Global is stepping in to offer investors a solution. On LU Global investors can:
- Select alternative products with smaller ticket sizes starting from US$1,000
- Invest in globally renowned products from a variety of providers including BlackRock, Citic, Credit Suisse, JP Morgan Asset Management and PIMCO
- Direct their own investments in asset management products
- Choose between a range of traditional open-ended and close-ended funds to private equity.