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 US and Hong Kong stocks and, at the same time, a mutual fund.
Mox Invest is now available for existing customers by invitation in phases.
Barbaros Uygun, CEO of Mox Bank, said:
“With Mox Invest, we bring our award-winning user experience and convenience to the wealth management space. The smarter investment service offers our clients an easier path to start their investment journey.”
Mox Invest clients can trade Hong Kong stocks or build US stock portfolios, including through fractional trading of US securities, with just a few clicks in the Mox app. Mox is the first bank in Hong Kong to offer US fractional securities trading. At the same time, Mox Invest clients can continue to earn interest on their dormant funds, allowing them to grow their wealth while they wait to invest.
In partnership with asset manager Allianz Global Investors Asia Pacific Limited (AllianzGI), Mox Invest also provides clients with a dedicated fund, with a minimum investment of just HKD 1. With this fund, Mox Invest clients can try investing in a risk-managed fund run by AllianzGI. This chapter is only available through the Mox app.
Customers can sign up to be among the first to try Mox Invest on the Mox app. After registration, eligible clients will be invited to explore Mox Invest services in phases.