Versa Asia, a Malaysian digital cash management platform, announced that it is expanding its product range to introduce “Versa Invest” to offer affordable wealth management in partnership with Affin Hwang Asset Management (AHAM).
Versa Invest offers three different types of low to high risk investment funds — Versa Conservative, Versa Moderate and Versa Growth.
Through a pooled investment fund managed by top global fund managers such as Blackrock, PIMCO, Vanguard and HSBC, users are able to diversify their investments across active and passive funds, allowing them to benefit from investment instruments that were once only available to the high net worth individuals.
At zero entry and exit fees, investors can start from a minimum investment amount of RM100.
Richmond Yau, Versa’s Chief Operating Officer said,
“Versa’s key product ethos is all about simplicity. Users are able to onboard in under 7 minutes and make a deposit in just 3 clicks.
Versa Invest was designed exclusively only for Versa users to level the playing field allowing for easy access to premium funds by global top fund managers,”
Versa will be launching two Versa-exclusive funds, aimed to achieve broad diversification whilst minimising risks.
The company had launched its flagship savings product, Versa Cash, a low risk money market investment fund investment last year.
Nelson Wong, Chief Technology Officer at Versa said,
“We believe this would be a great option for new investors without the knowledge or desire to continuously watch the market and pick individual funds.”