Futu Launches “Money Plus” Fund Platform to Expand into Wealth Management
Futu Holdings Limited (FHL)
Company Research
Source: GlobeNewswire
HONG KONG, Aug. 30, 2019 (GLOBE NEWSWIRE) -- On August 26, Futu Holdings Limited (“FHL” or the “Company”) (NASDAQ: FHL), a leading tech-driven online brokerage platform in China, announced Futu Securities (“Futu”) has launched a new online wealth management service called “Money Plus.” Leveraging Futu’s advanced technology infrastructure, Money Plus provides a one-stop asset allocation platform for clients who want to manage their discretionary stock trading and wealth management all in one place. Besides the money market funds offered to Hong Kong clients starting this May, Futu recently started providing fixed income and equity funds on Money Plus as well, which cater to different investment targets and risk preferences. Money Plus offers clients an effective way to diversify their positions. When clients observe a good trading opportunity, they can switch the funds back to their stock trading accounts. Mr. Robin Li Xu, Vice President of FHL, commented, “Since our inception, the
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