Futu Securities (HK) to launch three risk-based model portfolios with Franklin Templeton

Rick Steves

“This collaboration is an example of how Futu endeavors to bring the most leading financial technology and highly competitive wealth management solutions to help its clients achieve their financial goals.”

Futu Securities International, the Hong Kong regulated operation of digital brokerage Futu, has partnered with asset manager Franklin Templeton to launch three risk-based model portfolios engineered by the latter.

The renewed partnership is aimed at supporting the further buildout of distinctive investment solutions on Futu’s digital platform for Hong Kong investors.

Futu has a reportedly high market penetration rate in Hong Kong SAR and first rolled out its mutual fund business in 2019 to expand its client base and diversify its business. Franklin Templeton has worked closely with Futu ever since that moment.

Futu’s funds meet investor needs for returns at various risk levels

Steve Zeng, Head of Global Strategy and Wealth Management at Futu Holdings Limited, said, “We are pleased to partner with Franklin Templeton, one of the largest asset managers globally, in introducing a suite of model portfolios which leverage Franklin Templeton’s proven expertise in managing capital and risks to meet investor needs for returns at various risk levels. This collaboration is an example of how Futu endeavors to bring the most leading financial technology and highly competitive wealth management solutions to help its clients achieve their financial goals.”

Simon Wong, Head of Retail Sales, Greater China, at Franklin Templeton said, “We are proud to strengthen our collaboration with Futu by being the first asset manager on the platform to support a suite of customized risk-based model portfolios, catering to different needs of investors in terms of investment targets and risk preferences. Franklin Templeton has a strong track record in model portfolios in the U.S. and we look to bring more specialized solutions to investors in Hong Kong.”

Futu HK says average user spends 1.5 hours per day on Futubull app

A recent report released by Nasdaq-listed Futu Holdings Limited, the parent company of digital brokerages Moomoo and Futu, claims its Hong Kong users accounted for more than 40% of Hong Kong’s adult population. In addition, an average HK user spent approximately half an hour on the Futubull app each trading day, with approximately 355,000 daily active users generating over 80,000 posts per trading day on Futubull’s interactive investor community, the firm stated.

Newly acquired clients by the global organization totaled 61,000, with approximately 90% of them being from the United States, Hong Kong SAR, Singapore, and Australia markets. The quarterly client retention rate was almost 99%.

The earnings report revealed that the number of users of the Moomoo and Futubull brokerage brands have increased by 20% YoY to 18.6 million.

Read this next

Retail FX

BDSwiss Unveils Dynamic Leverage and Zero-Spread Account for Enhanced Forex Trading

Experience a new era in forex trading with BDSwiss, a leading player in the industry, as it introduces two groundbreaking enhancements designed to elevate traders’ experiences on its platform.

Market News

Weekly data: Fiber and Gold price action 

This preview of weekly data looks at EURUSD and XAUUSD where economic data coming up later this week are the main drivers in the markets for the near short term outlook. 

Market News

Unveiling the Top Performers in December 2023: A Stock Market Overview

As we approach the end of 2023, the dynamic landscape of the stock market unveils a year marked by high-profile events, from the resurgence of tech stocks to the demise of financial institutions.


Avelacom enhances connectivity across Middle East and East Asia

“Network latency is a critical factor in their operations across multiple, fast-moving markets where seizing arbitrage opportunities instantaneously is essential. We are dedicated to continually optimizing our global network paths. Our London to Tokyo route, a flagship for Avelacom, has been upgraded alongside other key markets in Asia, India, Turkey, and the Middle East.”

Institutional FX

DMALINK adds Commerzbank to its FX streaming service

“The inclusion of Commerzbank stems from ongoing client demand, achieving our core objective of providing data-driven institutional FX liquidity in a variety of trade sizes to users of any of our platforms looking to access primary markets efficiently.”

Institutional FX

Citi taps Traydstream to streamline trade documentation for its clients

Traydstream specializes in intelligent data extraction using AI and optical character recognition. Its technology significantly reduces the time needed for document checks in trade transactions, leveraging a machine-learning engine with an extensive rule database.

Retail FX

Greenwood launches mobile trading app for the Black and Latino communities

To encourage first-time investing, Greenwood will provide $10 to users, which can be used towards stocks and ETFs on the Greenwood Invest platform

Industry News

Did the SEC lie about DEBT Box’s alleged $50 million crypto scam?

The SEC has a two-week period to respond to the judge’s concerns about their factual and contextual accuracy in their allegations against Debt Box.

Inside View

Industry Leaders Share Insights on Framing Crypto Payments into FX Brokerage Business

While the allure of crypto payments is strong, caution is essential. The potential benefits in terms of speed, lower fees, and blockchain efficiency need to be weighed against the risks associated with cryptocurrency volatility.