Endowus launches IncomeUp portfolios

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Endowus has launched the Endowus IncomeUp portfolios, a set of three new passive income portfolios that focus on longer-term capital preservation at lower cost.

The portfolios are divided into three different categories that cater to different stages of life with varying passive income needs, namely the IncomeUp Steady, IncomeUp Plus, and IncomeUp Growth.

IncomeUp Steady offers a payout target of up to 5%-6% per annum (p.a) and is designed for individuals nearing or in retirement, as well as those seeking consistent passive income streams.

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IncomeUp Plus caters to working adults interested in sustainable, higher passive income streams. It has a payout target of up to 6.7%-7.5% p.a. 

IncomeUp Growth offers a payout target of 4% to 5% p.a and targets young working adults who are new to investing.

The portfolios feature funds from global asset managers like AllianceBernstein, Barings, Capital Group, Fidelity, Invesco, J.P. Morgan, Neuberger Berman, PIMCO, Pinebridge, and Schroders.