Mox Bank Limited today officially launched Mox Invest, a new Mox service that aims to redefine the investment experience. The launch makes Mox the first virtual bank in Hong Kong to offer trading services for U.S. and Hong Kong equities, and, simultaneously, a fund.
Mox Invest is now available for existing customers by invitation in phases.
Barbaros Uygun, CEO of Mox Bank, said:
“With Mox Invest, we are bringing our award-winning user experience and convenience to the wealth management sector. The smarter investment service offers our customers an easier route to start their investment journey.”
Mox Invest customers can trade Hong Kong equities or build U.S. stock equity portfolios, including through U.S. fractional securities trading, with just a few taps on the Mox app. Mox is the first bank in Hong Kong to offer U.S. fractional securities trading. At the same time, Mox Invest customers can continue to earn interest rates on their idle funds, allowing them to grow their wealth while waiting to invest.
In partnership with asset manager, Allianz Global Investors Asia Pacific Limited (AllianzGI), Mox Invest also makes available to customers an exclusive fund, with a minimum investment of as little as HKD1. With this fund, Mox Invest customers can try investing in a fund with risk management performed by AllianzGI. This fund is only available via the Mox app.
Customers can register to become one of the first to experience Mox Invest on the Mox app. After registration, eligible customers will be invited to explore Mox Invest services in phases.
