We display Total Returns, Time-weighted Returns (TWR), and Money-weighted Returns (MWR). The multiple ways of viewing your returns give you the flexibility to understand the performance of your individual portfolio(s) depending on how you wish to evaluate your portfolio(s).What is Total Return?Total Return is the simple return of all your portfolios’ returns in the currency terms you select to display.What is Time-weighted Return?Time-weighted Return (TWR) is commonly-used in the financial industry, making it an easy metric to compare returns between different portfolio managers. TWR measures the portfolio manager’s ability to generate returns, not the effects of an investor’s deposit and withdrawal behaviours. It does this by tracking performance from the first deposit made into a portfolio.What is Money-weighted Return?Money-weighted Return helps to gauge the effectiveness of an investor’s timing of deposits and withdrawals. It does this by including the effects of multiple cash flows by assigning a weight to each of your deposits and withdrawals. In other words, a deposit or withdrawal of $1,000 has a lesser effect on your portfolio’s return figure than a deposit or withdrawal of $100,000.

How are my returns calculated?

Technically, it would take up to 1 to 3 business days for the funds to be fully invested and reflected in your portfolio.NOTE: If you did not include your unique reference code when you made the deposit, kindly contact us at <a target="_self" rel="" class="styles__ATag-sc-13s6wwe-0 iKPPDk" href="mailto:support@stashaway.ae">support@stashaway.ae</a>.

I just made a deposit. When will it appear in my General / Goal-based Investing portfolio?

To view the instructions for One-time or Monthly Deposit, kindly refer to the following:Web App: Select  "Manage Deposits" &gt; Select either update one-time or monthly deposit plan &gt; Proceed to update the amount and currency &gt; Click “Continue" and "Confirm" complete the update.Mobile App: Select "Transfer" on the top right &gt; Click "Put money in" &gt; Select either "One-time deposit" or "Monthly deposit" &gt; Click "Modify" and select "Edit deposit amount and currency" &gt; Proceed to update the amount &gt; Click “Continue" and "Confirm" to complete the update.If you wish to change your deposit currency, please go to “Account” &gt; “Settings” &gt; “Deposit Currencies” and choose the desired currency.

How do I make changes to my one-time and monthly deposits?

We don’t qualify our portfolios based on expected returns. Instead, we qualify them based on how much risk to which you’ll be exposed. Every StashAway portfolio is defined by the StashAway Risk Index, which indicates the potential loss of a given portfolio. <ul><li>Core Portfolios have a StashAway Risk Index between 6.5% and 22% </li></ul><ul><li>Higher-risk Portfolios have a StashAway Risk Index between 26% and 36%</li></ul>

What’s the difference between Core Portfolios and Higher-risk Portfolios?

We will simply process the amount you deposit.If you have more than one portfolio, we will allocate the funds proportionally based on how much you indicate to go towards each portfolio, first to One-time deposit plan, then to Monthly deposit plan.

What if I deposit more or less than what I have indicated in my deposit plan?

Both portfolios are investing in USD-denominated and US-listed ETFs, which are globally diversified portfolios. The difference is ;<ul><li>General Investing: Invest in long-term by enduring economic changes </li></ul><ul><li>Goal-based Investing: Similar to General Investing but with a personalised investment plan to achieve a particular financial goal</li></ul>

What is General and Goal-based Investing?

Questions about our General Investing and Goal-based portfolios

General & Goal-based Investing

As an individual investor, you can only qualify as a Professional Client if you meet the following criteria:<ul><li>Have ‘net’ assets of at least $1 million; </li></ul>AND<ul><li>Are currently, or have been, over the last two years, an employee in a relevant professional position of a regulated financial institution;</li></ul>Or,<ul><li>Appear, on reasonable grounds, to have sufficient experience and understanding of relevant financial markets, products or transactions and any associated risks.
</li></ul>Please note: the asset test is based on your net assets, deducting any mortgages or other charges held over the property from the value of the assets. When calculating your net assets, we must exclude the value of the primary residence, if you own it, unless you own more than one home; and, the assets can be directly held by you through legal ownership, or indirectly by beneficial ownership (for example, if you’re a beneficiary in a trust). Due to regulatory requirements, we would need to obtain sufficient evidence on your status as a PC.

How do I qualify for PC status?

Generally, non-PCs may have access to a limited range of financial products and services as compared to those available to a PC. Some of our products and services may not be available to persons who are non-PC. If you do not choose to opt in as a PC StashAway may not be able to provide financial advice and planning services available to StashAway Reserve clients. There will be no change to your existing account, investments or holdings with StashAway which are available for our general retail clients (if any).

What does it mean to be a non-PC?

A Professional Client ("PC") may generally have access to a wider range of financial products and services. Some financial institutions may not offer certain products and services to persons who are non-PC.To be eligible to be treated as an PC, you must first meet eligibility criteria (please refer to <a target="_self" rel="" class="styles__ATag-sc-13s6wwe-0 iKPPDk" href="https://www.stashaway.ae/faq/how-do-i-qualify-for-pc-status">"How do I qualify for PC Status?"</a>) and you must opt in to be treated as a PC.If you opt in to be treated as a PC, you are regarded as having consented to and understood the following:(1)  You have read, understood, and agreed to the following general warningPCs are assumed to be better informed, and better able to access resources to protect their own interests, and therefore require less regulatory protection. Investors who agree to be treated as PCs, therefore, forgo the benefit of certain regulatory safeguards. For example, issuers of securities are exempted from issuing a full prospectus registered with the Dubai Financial Services Authority with  respect to  offers that are made only to PCs and intermediaries are exempted from a number of business conduct requirements when dealing with PCs. Investors should consult a professional adviser if they do not understand any consequences of being treated as a Professional Client.(2)  You have consented to be  treated as a PC for the purposes of the following regulatory provisions applicable to StashAway's business ("Consent Provisions")We have outlined below a summary of the Consent Provisions and the consequences of your being treated as a PC in relation to such Consent Provisions. These consequences apply to all advice, recommendations, offers, communications or dealings with StashAway, transactions that you carry out on any investment products or policies advised on by StashAway from time to time, including past and future transactions in relation to the same ("Transactions").If you choose to be treated as a PC, this status will apply to all your account(s), investments, holdings, and dealings with StashAway going forward.Please note that it is your right to elect to be treated as a PC. Alternatively, you can choose to be treated as a retail investor instead. If you do not choose to be treated as a PC, please see "<a target="_self" rel="" class="styles__ATag-sc-13s6wwe-0 iKPPDk" href="https://www.stashaway.ae/faq/what-does-it-mean-to-be-a-non-pc">What does it mean to be a non-PC?</a>".

What does it mean to be a Professional Client?

Professional Clients

StashAway uses ETFs because they are exchange-listed products with deep liquidity, high trading volumes, and have very low expense fees.<div class="VideoPlayer__PlayerWrap-sc-1x47tsz-0 eiwVtK"><div style="width:100%;height:100%"></div></div>To learn more about how StashAway selects ETFs, click <a target="_self" rel="" class="styles__ATag-sc-13s6wwe-0 iKPPDk" href="https://www.stashaway.ae/r/how-stashaway-selects-etfs">here</a>.

Why does StashAway invest in ETFs?

If you wish to close your account, please contact our Client Experience Team at <a target="_self" rel="" class="styles__ATag-sc-13s6wwe-0 iKPPDk" href="mailto:support@stashaway.ae">support@stashaway.ae</a> to close your account.

How do I close my account?

Typically, it takes up to 1 to 3 business days for the funds to be fully invested and reflected in your StashAway portfolio.

When will my funds appear in my StashAway account?

What is it?<ul>
<li>Want to get your funds invested for free? You're in the right place!</li>
<li>For every friend that you refer and who funds their account, both of you are entitled to a 6-month management fee waiver, for up to $10,000 USD of assets under management (AUM).</li>
<li>If you refer 2 friends and they both invest at least $1 USD, $20,000 USD of your assets under management would be managed for free for 6 months. 3 friends, $30,000 USD; and so on.</li>
</ul>Is there a limit?<ul><li>Refer to as many people as you like! We don't have a limit for the number of people you may refer.</li></ul> Requirements<ul>
<li>Your account must be funded (any amount).</li>
<li>Your referee must not have an existing account.</li>
<li>Your referee must sign-up via the referral link.</li>
<li>After your referee's registration, your referee's account needs to be funded within 30 days.</li>
</ul>How to refer a friend<ul>
<li>Log in to your StashAway account.</li>
<li>Click "Refer a friend" on the top of the web page or "More &gt; Refer a friend" on the mobile app.</li>
<li>Copy your individual link and send it to your friend(s) via email, SMS, or your favourite social media platform.</li>
<li>When your invited friend(s) register using your link and fund his/her account within 30 days, both of you have qualified for the referral programme.</li>
<li>Track your referee(s)' progress by looking at "Your Referral History" in the "Refer a friend" section.</li>
</ul>

Referral Programme

StashAway Management (DIFC) Limited is StashAway’s legal entity which is registered in the Dubai International Financial Centre (DIFC) pursuant to the DIFC Companies Law.StashAway is a brand of StashAway Management (DIFC) Limited (CL 3982), which is a licensed Authorised Firms as mandated by the Dubai Financial Services Authority (DFSA). You may view our DFSA license and status <a target="_self" rel="" class="styles__ATag-sc-13s6wwe-0 iKPPDk" href="https://www.dfsa.ae/public-register/firms/stashaway-management-difc-limited">here</a>.

What is Stashaway Management (DIFC) Limited?

While our global portfolios consist of conventional ETFs that track a variety of indices, they are not strictly Shariah-compliant. The ETFs we have selected are not leveraged and do not use synthetic securities to track an Index.However, our cash management portfolio, Simple™ is Shariah compliant. Click here for more info: <a target="_self" rel="" class="styles__ATag-sc-13s6wwe-0 iKPPDk" href="https://www.stashaway.ae/simple">Simple</a>

Are StashAway's portfolios Shariah-compliant?

Yes, you can, if you have previously deposited USD in your StashAway account. If you have deposited AED in your StashAway account but would like to withdraw to a USD account, do note that your bank may charge you fees, such as exchange rate and transactional fees, for the transaction.

Can I withdraw in USD to a USD account?

If any of your personal details change for any reason, please contact our Client Experience team at support@stashaway.ae.

I have moved. What do I need to do?

You can make any changes to your account by logging into your StashAway account.To make changes to your goal or to delete it, you can do the following:Web App1) Select the Portfolio you would like to edit2) Click on “More actions”Mobile App1) Select the Portfolio you would like to Edit2) Click on the 3 vertical dots on the top right-hand corner of your screen3) You can make the changes you wantNote that if you choose to make changes to the monthly deposit amounts, you must also indicate those changes in your bank account standing instructions.

How do I make changes or delete my goal?

There are absolutely no fees associated with opening or closing a StashAway account.

What does it cost to open and close a StashAway account?

Stashaway offers easy investing products that are available to both retail and accredited investors.<a target="_self" rel="" class="styles__ATag-sc-13s6wwe-0 iKPPDk" href="https://www.stashaway.ae/faq/general-goal-based-investing">General or Goal-based Investing portfolio</a>: Investment made in USD-denominated ETFs<a target="_self" rel="" class="styles__ATag-sc-13s6wwe-0 iKPPDk" href="https://www.stashaway.ae/simple">Simple portfolio</a>: Cash management portfolio

What are StashAway products?

Not at the moment. However, we do have joint accounts in the pipeline.In the event of death of the account holder, your executor/administrator or legal heir will have to produce a Succession Certificate issued by the UAE courts before the account can be liquidated to a designated account as instructed by him/ her.

Can I add a beneficiary to each goal in case anything happens to me?

As we can only trade when the market is open, we cannot guarantee that we will be able to sell your assets for cash at the exact moment that you opt to withdraw your funds. Therefore, the value of your portfolio may fluctuate within those few hours. In order to ensure that we have sufficient assets in the case of a market change, any withdrawal request that exceeds 90% of assets under management will result in a full withdrawal to buffer against sudden changes in the market.

Why is 90% withdrawal converted into a full withdrawal of the portfolio's assets?

We invest in US-domiciled ETFs that require USD for investment. Therefore, we convert all non-USD currencies into USD in order to invest in the selected US ETFs.

Why does StashAway convert my money into USD?

Bank savings accounts earn very low interest. StashAway builds your personalised asset allocation, taking into consideration your specific needs and preferences, and helps you invest in those assets to accumulate wealth over time.

How is StashAway different from a bank savings account?

Withdrawals can go to another bank account as long as the bank account has the same legal name associated with the account.

Can I withdraw to a bank account that is different from the one I originally made the deposit from?

Rebalancing:
When a particular asset reaps significant gains relative to other assets in the portfolio, its market value weight increases above the target allocation. 
Without rebalancing, the portfolio is increasingly concentrated in the outperforming asset class hence raising risks. 
Our algorithm checks customers’ portfolios daily, and performs rebalancing when allocations deviate from targets by more than our "optimised" bands. This can happen weekly, monthly or quarterly, depending on the markets' volatility and performance.
 
Re-optimisation:
Returns and risks of each asset class change when the economic environment changes. 
For example, between January1982 and December2016, the S&amp;P 500 returned +16.4% year over year (YoY) in "disinflationary growth", -10.3% YoY in a "recession", +8.8% YoY in "inflationary growth" and 2.7% YoY in "Stagflation". To optimise customers' portfolios, StashAway builds portfolios that consist of a mixture of asset classes optimum for a given economic environment. <a class="styles__ATag-sc-13s6wwe-0 iKPPDk" href="https://www.stashaway.ae/r/stashaways-asset-allocation-framework" target="_self" rel="">Our investment framework</a>, ERAA (Economic Regime-based Asset Allocation), identifies and signals a change in economic cycle and our technology automatically re-optimises portfolios’ asset allocations. 
This change in asset allocation is important because it allows us to manage risk and improve returns in different economic environments. This change is "strategic" (can happen once a year to once every few years) but may be as frequent as 2 to 3 times a year if there are a lot of economic uncertainties.

How often is my portfolio rebalanced and re-optimised?

Beyond just changing how you can invest, we have made sophisticated investing frameworks available to the masses.We deploy a sophisticated and dynamic investment strategy that mitigates risk, and that withstands market fluctuations and economic cycle changes. To learn more about our investment strategy, click <a target="_self" rel="" class="styles__ATag-sc-13s6wwe-0 iKPPDk" href="https://www.stashaway.ae/r/stashaways-asset-allocation-framework">here</a>.

How is StashAway different from other robo-advisors?

StashAway offers low-cost, intelligent, and personalised investment advice specific to your goals and financial situation, unlike traditional advisors who charge high fees and offer one-size-fits-all investment packages. We use advanced technology that maximises intelligence through complex algorithms that consider your personal goals, economic cycles, and market performance. Designed by expert investors to manage portfolios, StashAway is a more efficient alternative to a traditional advisor. Additionally, StashAway has no minimum deposit, no lock-up period, and no withdrawal fees, and offers an intuitive digital platform to keep track of your investments.

How is StashAway different from other financial advisors?

Yes you can, as long as you are one of the account holders. Kindly remember to include your unique reference code when you make your deposits.Additionally, if you are not the principal account holder and your name is not reflected on the transaction, we will contact you to obtain a copy of your bank statement (dated within the last 3 months) indicating both account holders' names as proof of joint account for verification.

Can I deposit from a joint bank account?

Key Takeaways from the video:
<ul>
<li>
Markets will go up and down; Stick to your long-term plan and don’t overreact to short term volatility or noise.
</li>
<li>
Set up a standing instruction or monthly deposit to dollar cost average your investment
</li>
</ul>
 
<div class="VideoPlayer__PlayerWrap-sc-1x47tsz-0 eiwVtK">
<div style="width: 100%; height: 100%;"> </div>
</div>
 
Almost all big stock market gains and drops are concentrated in just a few trading days each year. Missing only a few days can have a dramatic impact on returns. For example, between 1994 and 2013, just missing the 20 best days of the S&amp;P500 would have eroded 67% of your returns. As the best days and worst days of the market are equally concentrated, timing the market can be a perilous proposition, and may be detrimental to your long term returns. To put it simply, it is difficult to predict exactly when market sell-offs will start or end; Any strategy which involves predicting the future — whether it's knowing when to jump in and out of the market completely, or knowing which investments are next year's big winners—is unlikely to succeed for very long. Consistent Investing outperforms Overreacting to Corrections The chart below shows the performance of various investors through a past market correction.
<figure class="ImageWithDescription__Figure-tvsb3c-0 bJeOQK"><img class="ImageWithDescription__StyledImage-tvsb3c-1 kGrIiF" src="https://images.ctfassets.net/rscarh2t43r9/dNYIM5opPrgnExP4IKecr/200b6192e31fe68f2c6f41d740f9f648/Chart5.width-800.png" alt="Investor Reaction During Market Correction"></figure>
After the market rallied in Nov 2011, investors who maintained their regular contributions throughout the correction, dollar cost averaging at discounted prices, would have significantly outperformed other investors. This advantage grew even more pronounced as their returns were compounded over the long term.
 Want to increase your returns by saving more on the fees you pay? Check out our ongoing referral program - You can invite your friends or family and get up to $10,000 managed for free for 6 months per referral. Just click <a class="styles__ATag-sc-13s6wwe-0 iKPPDk" href="https://app.stashaway.ae/referral" target="_self" rel="">here</a> to share your unique referral URL! 
Referral T&amp;Cs for MENA can be found <a class="styles__ATag-sc-13s6wwe-0 iKPPDk" href="https://www.stashaway.ae/faq/referral-programme" target="_self" rel="">here</a>.

What is one advice you would give someone that just joined StashAway?

You can reach out to us on any of the channels listed here:
- Send us an email at complaints@stashaway.ae 
- Call us all at +971 4590 9999  (Sunday to Thursday at 9 am-6 pm* and Friday to Saturday at 9 am-2 pm*)   *Except Public Holidays
- Send us a Whatsapp at +971 52 288 0298
- Send us a <a class="styles__ATag-sc-13s6wwe-0 iKPPDk" href="https://m.me/StashAwayMENA" target="_self" rel="">Facebook Message</a> 
 
Our response procedures are as follows:
<ol>
<li class="wysiwyg-text-align-justify" style="font-weight: 400;" aria-level="1">
Written acknowledgement to the complainant within 1 business day from the date of receipt of the complaint;  The Client Experience agent that received the complaint will be considered as the Handling Officer (HO) of the case
</li>
<li class="wysiwyg-text-align-justify" style="font-weight: 400;" aria-level="1">
Interim response to inform the complainant that the complaint is being reviewed. If a final response has not been sent within 15 business days after the date of receipt of the initial complaint; The HO will evaluate the severity of a complaint based on internal guidelines and conduct the necessary investigation. The investigation may require the involvement of other departments. A complaint, depending on the severity, may also be escalated to a senior Client Experience agent or the Head of Client Experience, a member of the senior management and/or the compliance team. 
</li>
<li class="wysiwyg-text-align-justify" style="font-weight: 400;" aria-level="1">Within 30 business days after the date of receipt of the complaint, the complainant should receive:</li>
</ol>
<ol class="wysiwyg-text-align-justify">
<li style="list-style-type: none;">
<ol>
<li style="list-style-type: none;">
<ol>
<li style="font-weight: 400;" aria-level="1">
a final response; or
</li>
<li style="font-weight: 400;" aria-level="1">a written response informing of the reasons for the delay, an indicative reasonable timeframe for a final response from the financial adviser, and the complainant’s right to refer the complaint to an approved dispute resolution scheme.
</li>
</ol>
</li>
</ol>
</li>
</ol>
For further escalation, the complainant can approach an external dispute resolution scheme, arbitration, the DIFC Court.

How can I make a complaint?

General questions about how StashAway works

General Questions

If you'd like to make a withdrawal, you can do so through:
1) Web App
Click on your name at the top right of your screen &gt; Click on "Withdraw/Transfer" &gt; Click on the intended portfolio &gt; Enter your withdrawal amount and click "Continue" to proceed.
2) Mobile App
Click on "Transfer" at the top right of your screen &gt; Choose "Take money out" &gt; Click on the intended portfolio &gt; Enter your withdrawal amount &gt; Key in your bank account number and click "Continue" to proceed.​​
 
You will then receive an email confirming your withdrawal request. If you encounter any issues, please feel free to reach out to us at support@stashaway.ae.

How do I withdraw money from my StashAway account?

Yes; you can stop and resume anytime you wish. You are never bound to deposit plans, and will never be charged a fee for changing your deposit plans.

Can I stop sending deposits for a few months and resume investments after?

The funds will be reflected in your StashAway account within 1 to 2 business days. Kindly note that non-local bank transfers may take longer due to extra verification measures. Once we have received your deposit and linked it to your StashAway account, you will receive a receipt confirmation email from us.Thereafter, you can expect to see your funds invested when the US market opens within 1 to 2 business days.Kindly note that we will first convert 99% of your cash from AED to USD (at spot rate + 0.08% charged by our vendor) and then invest this sum in the ETFs according to your portfolio allocation. The remaining 1% of your funds remain in USD cash for management fees and rebalancing purposes.

I've set up my transfers, now what?

Yes, you will need to complete a financial assessment with StashAway.The results are used by our algorithm to determine and design the most appropriate personalised portfolio for you.

If I have already completed a Customer Knowledge Assessment (CKA) at another institution, do I need to complete it again at StashAway?

You can expect the withdrawal process to take approximately 2 to 3 business days from the Global Portfolio and 3 to 4 business days from the Simple™ portfolio. First, we will sell the securities on your behalf. Then, we will wire the money from our trust account to your bank account.If you are withdrawing to an international bank account outside of UAE, this may take longer and your bank may charge you conversion fees. Additionally, your bank may also charge you fees for receiving overseas telegraphic transfers - this fee varies from bank to bank and will be deducted automatically by your bank from the received amount. Kindly check with your bank for any fees they may charge.

When will my withdrawn funds from StashAway appear in my bank account?

You can download the StashAway mobile app and explore our features, portfolios, and how you can create or add goals. Alternatively, you can open an account via our StashAway Web Application, click on the “Get Started” button located on the top-right of our website.If you have any questions our support team will be happy to help! You can contact us at <a target="_self" rel="" class="styles__ATag-sc-13s6wwe-0 iKPPDk" href="mailto:support@stashaway.ae">support@stashaway.ae</a> or +971 800 032 0398 from 9am - 6pm on Sunday to Thursday** and 9am - 2pm on Friday to Saturday** **Excluding Public Holidays

How do I get started?

If you're using the Web Application: Log in to your StashAway account, click on "Your Name" &gt; "Settings" &gt; “Security”If you're using the Mobile Application: Log in to your StashAway account, click on “More” &gt;  "Settings" &gt; “Security”For your security, we will require two-factor authentication.

How do I change my password?

You can deposit money in any currency.General &amp; Goal-based Portfolio: All currencies are accepted <ul><li>AED Deposits (no minimum amount) will have a currency conversion fee from AED to USD charged by our vendor, at 0.08% on the spot rate</li></ul><ul><li>USD Deposits will be directly invested without any conversion</li></ul>NOTE : If you deposit in currencies other than USD or AED, it will be converted to AED at the bank's exchange rate. Then converted to USD at 0.08% charged by our vendor, on the spot rate.

What currency can I deposit in my StashAway account?

Yes; anyone can open an account with us.

I am not a citizen of UAE; can I open an account?

Yes, you can withdraw at any time and any preferred amount.

You can do so through:1) Web AppGo to your name on the right top of your screen &gt; click on "Withdraw/Transfer" &gt; click the intended portfolio &gt; adjust the slider according to your desired withdrawal amount and click "Continue" to proceed.​​2) Mobile AppClick the "More" at the bottom of your right hand corner &gt; select "Transfer" and choose "Take money out" &gt; click the intended portfolio &gt; enter the amount according to your desired withdrawal amount &gt; select your bank account number and click "Continue" to proceed.​​

Can I withdraw at any time?

Your personal information is collected primarily for the purposes of verifying your identity, customizing your investments (through understanding your investment knowledge, experience and needs) and meeting the requirements of all applicable laws and regulations including those pertaining to anti-money laundering and taxation.You may refer to our <a target="_self" rel="" class="styles__ATag-sc-13s6wwe-0 iKPPDk" href="https://www.stashaway.ae/legal/privacy-policy">Privacy Policy</a> for more information.

Why do you need to collect my personal information?

We will automatically allocate the funds to the one-time deposits (if any) first, followed by the monthly deposits based on the monthly deposit amounts you indicate to us in each of your portfolios. In the case that we receive an amount different from your deposit plans, we will allocate the funds proportionally based on how much you indicate to go towards each portfolio. So, if one portfolio has monthly deposits of $1,000, and another has $2,000, we will allocate any funds we get in a 1 to 2 ratio.

How does my money get allocated if I have multiple portfolios?

Yes, you can! To make a transfer between portfolios:1) Web ApplicationOn the top right of your screen, click on "Your Name" &gt; select “Withdraw/Transfer” &gt; click to “Want to transfer funds from one portfolio to another” &gt; from there, select which portfolio to transfer from and to and enter the amount &gt; click “Continue” and “Confirm” to complete the transfer.2) Mobile ApplicationOn the main page, click “Transfer” &gt; Under Within StashAway, select “Transfer Money” &gt; select which portfolio to transfer from and to and enter the amount &gt; click “Continue” and “Confirm” to complete the transfer. The timelines are as below:General/ Goal-Based Investing portfolio transfer to General/ Goal-Based Investing portfolio takes up to 1-2 business days.General/ Goal-Based Investing portfolio transfer to Simple™ portfolio takes up to 3-4 business days.StashAway Simple™ portfolio transfer to General/ Goal-Based Investing portfolio take up to 4-5 business days.

Can I transfer funds from one goal to another?

If you're using the Web Application: Log in to your StashAway account, click on "Your Name" &gt; "Settings" &gt; "Bank accounts" If you're using the Mobile Application: Log in to your StashAway account, click on “More” &gt;  "Settings" &gt;  "Bank accounts"

How do I change the bank details linked to my account?

You are free to monitor your portfolios whenever you wish, and we recommend that you do this at least as frequently as you deposit funds.Your Net Asset Value (NAV) is updated every business day. But, since we also monitor your portfolios 24/7 and perform adjustments (such as rebalancing and/or re-optimisation) when necessary, you don't have to check in if you don't want to.

How often should I monitor my portfolios?

Your unique reference code can be found on the “Transfer” page for the Mobile Application and under “Manage Deposits” tab when you log in via a Web Application. A copy of the transfer instructions is also available.

Where can I find my unique reference code?

We ask you explicitly about your risk preferences during the initial financial assessment. Additionally, we give you the option to adjust the risk index for each portfolio as you wish.<div class="VideoPlayer__PlayerWrap-sc-1x47tsz-0 eiwVtK"><div style="width:100%;height:100%"></div></div>

How do you understand my attitude towards risk?

Your bank may take some time to process the deposit request before the transfer reaches us. For example, interbank transfers may take up to 1 to 2 business days.

Why do transfers not happen immediately?

General &amp; Goal-Based Investing and Simple™ portfolio take about 1 to 3 business days.The funds will usually be invested that same night (depending on the time of deposit) when the market opens and is reflected in your account the following business day, if not, the following business day.If your funds reach our Citibank Trust account before noon on a business day, it will be linked to your StashAway account on the same day. You will also receive an acknowledgment email from us.Please note that deposits sent from outside of UAE and USD deposits may take longer due to extra verification required by regulations and a longer processing period.

How does my money get invested from the moment I make a deposit?

Your security is incredibly important to us. As required by the regulatory bodies and authorities, we need to verify your identity, therefore, we require you to upload a copy of your Emirates ID or Passport, as well as a Proof of Residence.If you are transferring from a non-UAE bank account, there will be an additional verification required. Our Client Experience Team will reach out to you accordingly for this.

How does StashAway verify my identity?

If the transfer was from an account under your name, we will be able to manually link it to your StashAway account. Once we receive it, we will send you a receipt confirmation, either on the same day or the next business day.To avoid this issue for future transfers, kindly add us as a payee and include your unique reference code in Initials/ Message/ Reference/Description/My Name field as part of payee setup.Once this is done, subsequent deposits will reflect your unique reference code. We are then able to link your funds to your StashAway account promptly, expediting the investment process.You can view our transfer instruction by going to your mobile app and clicking Transfer &gt; Put money in&gt; Choose and Edit your deposit Plan &gt; Deposit Instructions.For the web app, you can click the Manage Deposits tab&gt; Choose and Edit your deposit Plan &gt; Deposit Instructions.​Please contact our Client Experience team at support@stashaway.ae if you'd like more info.

What if I forgot to include the unique reference code when I made a deposit?

Definitely! We suggest that you consult your tax advisor on tax implications before investing.

I'm an American; can I open an account?

StashAway chooses the best-in-class ETFs on your behalf. We chose the largest, most liquid, most tradable, and most cost-effective ETFs with the lowest tracking error to the index and a sufficiently long track record. We choose simple ETFs, which means they have no leverage or complex payoffs and have no ETNs to avoid credit risk of issuers. You can read more about our ETF selection criteria <a target="_self" rel="" class="styles__ATag-sc-13s6wwe-0 iKPPDk" href="https://www.stashaway.ae/r/how-stashaway-selects-etfs">here</a> and the list of funds that we use <a target="_self" rel="" class="styles__ATag-sc-13s6wwe-0 iKPPDk" href="https://www.stashaway.ae/r/stashaways-etf-selection">here.</a>

How did StashAway choose the funds that are in my portfolio?

The minimum age required to open an account with StashAway is 18 years old, by birth date at the time of account creation.

How old do I have to be to open an account?

Typically, the restrictions on employee investments are related to insider dealings or conflicts of interest concerns. Therefore, it is not uncommon for companies to have confidentiality policies to restrict dealing securities in which one has possession of material non-public information concerning such securities, or to require employees to disclose or obtain approval for trades in certain securities.StashAway invests solely in Exchange-traded Funds (ETFs), and deploys a passive management strategy through automated technology to execute trading decisions. Click <a target="_self" rel="" class="styles__ATag-sc-13s6wwe-0 iKPPDk" href="https://www.stashaway.ae/r/stashaways-etf-selection">here</a> to see our ETF selection and <a target="_self" rel="" class="styles__ATag-sc-13s6wwe-0 iKPPDk" href="https://www.stashaway.ae/r/how-stashaway-selects-etfs">here</a> to read more about our ETF selection criteria.It is quite common that ETFs may be excluded from such trading restrictions, on the basis that the employee does not have control over the underlying basket of securities for each ETF. This is, of course, subject to specific company policies, which may differ, and some employers have restrictions on ETFs for particular employees. Therefore, we still recommend that you verify with your control room prior to investing with StashAway.Additionally, we will be happy to provide a signed discretionary letter for customers working in financial institutions to fulfil their compliance requirements.If you have any questions, or need more information, please contact us at <a target="_self" rel="" class="styles__ATag-sc-13s6wwe-0 iKPPDk" href="mailto:support@stashaway.ae">support@stashaway.ae</a>

I work at a bank; can I invest my money with StashAway?

During the account opening process, we ask questions about your preferences to gain an understanding of your current financial situation. In the financial assessment that customers are required to complete before opening an account, we ask about risk preferences, goals, current financial situations, and investment experience. We use this information to make recommendations for you. For example, based on the information you provided when filling out your profile, our algorithm may cap your risk limit.<div class="VideoPlayer__PlayerWrap-sc-1x47tsz-0 eiwVtK"><div style="width:100%;height:100%"></div></div>

How is my portfolio personalised for me?

Yes, you can! There is no limit to the number of goals and portfolios you can have in your StashAway account.Do note that once you made a full withdrawal from one of your portfolios, the portfolio. it will be automatically deleted.

Can I have multiple goals?

For security purposes, we limit one account per person. However, you can have multiple portfolios and goals in a single account.

Can I open multiple accounts?

The financial knowledge assessment is designed to protect you from unnecessary risk. Depending on the outcome of your assessment, we may cap your risk level and you will not have access to our 3 higher-risk portfolios. In this case, you would only have access to our 9 core portfolios.
To access the higher risk portfolios, we highly recommend that you either watch our Investing Basics Presentation in our mobile app (available anytime) or attend our <a class="styles__ATag-sc-13s6wwe-0 iKPPDk" href="https://www.stashaway.ae/academy" target="_self" rel="undefined">Investing Basics Live Webinar which happens every few weeks.</a> They’re both free to watch and the presentation gives you insights into the following:
<ul>
<li>
Understanding the risk and return relationship
</li>
<li>
What you should consider before making an investment
</li>
<li>
Understanding your personal risk appetite and preferences
</li>
<li>
Why your investment timeline is important
</li>
</ul>
We also have other <a class="styles__ATag-sc-13s6wwe-0 iKPPDk" href="https://www.stashaway.ae/academy" target="_self" rel="">courses</a> you can watch that will help you better understand your financial and investment plan.
Once done, do email our Client Experience Team at support@stashaway.ae and we will be able to open up all risk levels for you.
 
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How does the outcome of the financial assessment affect my portfolio risk settings?

If you are a corporate, or an individual with tax liabilities in your country of domicile or citizenship, you can find your tax registration number or tax identification number on your tax returns. However, we understand that not all nationalities, or residents of certain countries (such as, the UAE), have a taxpayer identification.

How do I find my taxpayer identification number?

Understanding your risk profile will guide our algorithms towards building a portfolio composition that best fits your preferences and reaches your goals.

Why do you need to assess my risk profile?

Your unique reference code is for linking all of your deposits (to any and all goals) to your StashAway account. Including your reference code in all deposits (one-time or monthly) will expedite this process, allowing us to invest your money more quickly.For detailed instructions on how to set up transfers and where to include your unique reference code, please refer to "Transfer Instructions" under Transfer Information in Transfer page.Your funds will be allocated to your portfolios based on the amount(s) you enter on Deposit Plan in your StashAway account. In the case that we receive an amount different from your deposit plans, we will allocate the funds proportionally based on how much you indicate to go towards each portfolio, first to one-time transfers, then to monthly transfers.

I have multiple portfolios. How should I use my reference code?

Yes, you will still have full access and ownership to your account. Please send us your new ID for our verification and records.

What if my Emirates ID and Passport expires, do I still have access to my account?

Depending on which bank you are transferring from, the instructions could vary. We’ve included the transfer instructions in your StashAway account. Steps for both Web and Mobile ApplicationStep 1: “Select “Manage Deposits” (top panel)" for Web app or in the mobile app, click "Transfer” (top-right)Select “One-Time” or “Monthly” Deposit PlanStep 3: Update your deposit plan and choose your desired transfer methodStep 4: Click “Continue” then “Confirm”

How do I deposit funds into my StashAway account?

To see your portfolio details, log in to your StashAway account, and select the portfolio you wish to see. There, you will be able to see your asset allocation, the ETFs in which we invest, your deposit plan, and your risk settings. You can also edit these settings at any time.

Where can I see my portfolio details?

We accept deposits from any FI, as long as it is not sanctioned by any relevant international body or governments. If you make a deposit from an FI that is not licensed by Dubai Financial Services Authority (DFSA), we may reject the deposit and return the funds to the sender. Please note that all deposits will be subject to our Anti-Money Laundering (AML) checks.

What Financial Institutions (FI) do you accept deposits from?

Not at the moment but it is in the pipeline. In the meantime, we accept deposits from joint bank accounts.

Can I open a joint account?

If you're using the Web ApplicationTo make changes to your goal(s), kindly log into your account and click the "Investments" tab &gt; click on "Goals" tab &gt; click on the investment goal you would like to change &gt; go to the "Portfolio" tab &gt; click "Adjust Risk".If you're using the Mobile ApplicationTo make changes to your goal(s), kindly log into your account and click "Home" tab &gt; "Your portfolios" &gt; click on "&gt;" arrow next to your investment goal(s)&gt; click "Assets" tab &gt; click "Adjust Risk".

How do I make changes to my Investment Goals?

There is no lock-in period. You can close your account or withdraw part of your assets at any time.

For how long am I locked into my StashAway account?

No minimum deposit amount required and you have the option to deposit in AED or USD.You have full discretion on how much and when you want to invest, including no minimum balance to maintain the account. You may also skip a month or two, resume, and withdraw whenever you wish. All without incurring charges or penalties.

Is there a minimum deposit or fixed amount I need to invest?

For identity verification purpose, two documents will be required;
<ol class="wysiwyg-text-align-justify">
<li>
Emirates Identification card (Front and Back) or Passport (minimum validity of 6 months)
</li>
<li>
Proof of residence in form of utility bill/ rental contract/ internet or phone bill/ bank statement dated within 3 months
</li>
</ol>
Based on your residence situation you will need to send different documents:
<ol class="wysiwyg-text-align-justify">
<li>
I own my home or am a registered tenant of a rental unit Kindly send us ONE of the following documents by replying to this message:  - Utility bill (DEWA, ADDC, SEWA, FEWA), or phone bill dated within the last 3 months; OR  - Registered proof of ownership or rental agreement (Ejari for Dubai, or Tawtheeq for Abu Dhabi); OR  - Bank statement or insurance policy dated within the last 3 months  .</li>
<li>
I share my accommodation and am not a registered tenant Kindly send us the following TWO documents by replying to this message:  - Utility bill (DEWA, ADDC, SEWA, FEWA), internet bill, a rental contract, or bank account under spouse, parent or flatmate's name dated within the last 3 months; AND - Bank statement dated within the last 3 months showing full, legal name.   
</li>
<li>
I’m staying in a hotel apartment for at least 6 months Kindly send us ONE of the following documents by replying to this message:  - Tenancy contract signed and stamped by the hotel management or landlord ; OR  - Letter from the hotel management team with your full residential address and accommodation tenure dated within the last 3 months. 
</li>
<li>
I live in company-sponsored accommodations Kindly send us ONE of the following documents by replying to this message: - Letter by the employer that confirms your accommodation dated within the last 3 months ; OR  - Bank statement with full residential address dated within the last 3 months. 
</li>
<li>
My residential situation isn’t listed here Kindly send us ONE of the following documents by replying to this message: - Utility bill (DEWA, ADDC, SEWA, FEWA), internet bill, a rental contract, or bank account dated within the last 3 months.</li>
</ol>
To send your documents via WhatsApp, you can WhatsApp them to us at +971 42 288 0298, or simply click the link below to open a direct chat with us.   <a href="https://wa.me/971522880298" target="_self">Open a chat in WhatsApp</a>

What document would I need to open an account?

Frequently asked questions about opening an account and the app

Getting Started

StashAway’s Economic Regime-based Asset Allocation (“ERAA”) framework builds and manages portfolios by targeting different levels of risk and attempting to maximize net investment returns at each risk-point.The framework is dynamic and strategic in nature, and it is built on 3 pillars: (i) Economic Regimes, (ii) Risk Shield and (iii) Valuation Adjustments.The First Pillar (Economic Regime) is at the core of ERAA’s portfolio construction logic, and uses economic data to adjust the target strategic asset allocation at each risk level. The main assumption behind this pillar is that the economy ultimately drives medium term markets’ returns.The Second Pillar (Risk Shield) is the risk management layer of the framework, tasks with identifying cases in which economic data either are unclear or are not driving market behaviour. When the Risk Shield’s thresholds are breached, ERAA immediately recommends adjusting portfolio composition to an All-Weather strategy, with the target of protecting capital during unpredictable times.The Third Pillar (Valuation Adjustments) takes into account each asset class’ valuation to under-weigh overvalued assets and discover opportunities to over-weigh undervalued assets. Valuation Adjustments are based on economic regressions, and therefore are anchored around ERAA’s main assumption that the economy ultimately drives medium term markets’ returns.If you want to know more about ERAA read our <a target="_self" rel="" class="styles__ATag-sc-13s6wwe-0 iKPPDk" href="https://www.stashaway.ae/r/stashaways-asset-allocation-framework">white paper on StashAway’s investment framework</a>.

What are the assumptions of ERAA, StashAway’s investment framework?

It is entirely possible to have a positive TWR but negative total return.Your TWR is positive because your portfolio’s return has increased in value since your first deposit. You can see that in the graph of the “Performance” tab in your app.However, in this case, you could still have negative dollar returns if you deposited the majority of your funds in this portfolio when the market was higher than it is now.Here’s a quick example of when this might be the case:Let’s say you deposited $100 in January in your StashAway account, and then the market goes up 10% by September. You’d have $110 in your account. Then, you get a $1,000 bonus and decide to invest it all at once, but the market goes down 5% over the next three months. In this scenario, your portfolio value would be $1,054.50 by December for a total of $1,100 invested. So you’d have lost $45.50.<figure class="ImageWithDescription__Figure-tvsb3c-0 bJeOQK"><img src="https://images.ctfassets.net/rscarh2t43r9/1IQBTUP6ZVitFv8klz8VG4/ea4ee1b729ed7ab2237dacfae148e407/Screenshot_2020-11-09_at_4.44.07_PM.png" alt="negative dollar return FAQ" class="ImageWithDescription__StyledImage-tvsb3c-1 kGrIiF"></figure>But this was not because the portfolio has performed poorly thus far- it went up 10% between January and September and then it went down just 5% between September and December. However, most of your money was invested right before markets went down.Your time-weighted return is positive because the performance of the first deposit of your investment has performed well between January and December, but your simple dollar return is still negative because of when you decided to make your deposits.

Why do I have a positive time-weighted return, but negative dollar return?

Time-weighted Return is the most commonly-used return calculation in the financial industry, and is an easy metric to compare returns between different portfolios. By tracking the portfolio’s performance from your first deposit, a portfolio’s TWR removes the distortions that various cash inflows and outflows create. In essence, TWR measures the portfolio manager’s ability to generate returns, not the effects of an individual’s deposit and withdrawal behaviours.

What is Time-weighted Return?

The basis of our investment strategy is to build portfolios with particular asset allocations that are optimal for 4 different economic cycles. When our investment team identifies and signals a change in economic cycle, our technology will automatically re-optimise all portfolios' asset allocations. To learn more about our investment methodology, visit: <a target="_self" rel="" class="styles__ATag-sc-13s6wwe-0 iKPPDk" href="https://www.stashaway.ae/r/stashaways-asset-allocation-framework">ERAA</a>. You have the option to opt out of auto re-optimisation. If you opt in, we will re-optimise your portfolio(s) automatically and inform you via email after. Otherwise, we will send you a recommendation to re-optimise and you can choose whether to follow our recommendation or not.Were you looking for rebalancing instead? Click here for <a target="_self" rel="" class="styles__ATag-sc-13s6wwe-0 iKPPDk" href="https://www.stashaway.ae/faq/what-is-rebalancing">Rebalancing</a>.

What is re-optimisation?

When investing as an individual, there are minimum trade sizes and high transaction costs imposed on the account, and this makes investing as an individual cost-prohibitive. With StashAway, you will benefit from the constant monitoring, rebalancing, and re-optimisation that we provide. Moreover, StashAway is able to offer fractional shares to make your portfolio more precisely allocated that is nearly impossible if you were to do it on your own.<div class="VideoPlayer__PlayerWrap-sc-1x47tsz-0 eiwVtK"><div style="width:100%;height:100%"></div></div>Learn more: <a target="_self" rel="" class="styles__ATag-sc-13s6wwe-0 iKPPDk" href="https://www.stashaway.ae/r/who-should-manage-your-investments">Who Should Manage Your Investments?</a>

Why shouldn't I just invest in the ETFs you have chosen on my own?

We are constantly looking to add more ETFs into our list of investment options. Click <a target="_self" rel="" class="styles__ATag-sc-13s6wwe-0 iKPPDk" href="https://www.stashaway.ae/r/how-stashaway-selects-etfs">here</a> to see our ETF selection criteria.

Will you be adding more ETFs to the list?

Technically, the ETFs are owned by Saxo, our broker. StashAway Management (DIFC) Limited (our legal entity) is a beneficiary of Saxo. Similarly, you are a beneficiary on our ledger. So in short, you are the owner of the ETFs in your portfolio(s).

Who is the legal owner of the ETFs in my portfolio?

Money-weighted Return (MWR) assigns a weight to each of your deposits and withdrawals. So, a deposit of $1,000 has a lesser effect on your portfolio’s return figure than a deposit of $100,000. This approach helps to gauge the effectiveness of the individual’s timing of deposits and withdrawals. As a result, MWR may also overweight or underweight the returns you see as a result of factors unrelated to the performance of the portfolio manager and their investment strategy. It will potentially inflate your returns when you deposit while markets are going up and understate your performance when you deposit while markets are going down. It will also give your lump sum deposit performance a larger weighting when calculating the money-weighted return.So, unless your portfolio manager determines when to deposit or withdraw funds from your portfolio, MWR doesn’t effectively measure your portfolio manager’s performance. You should only use MWR to compare two different portfolios if you have the exact same deposit and withdrawal behaviors for both portfolios.MWR’s merit lies in that it clarifies the impact of the individual investor’s investment decisions (e.g., when you deposit and withdraw).

What is Money-weighted Return?

A single return figure (Time-Weighted Returns vs Money-Weighted Returns) does not tell the whole story of how well a portfolio performs.Returns are one thing but the level of risk exposure your portfolio has in achieving those returns is an entirely different matter. Remember to consider how much risk your portfolio manager exposes your money to in the name of getting your returns.

How should you compare your StashAway returns to the returns of your other investments?

With a goal-based approach, we analyse your personal financial situation and risk selection. Firstly, using this information, our investment team and the algorithm will select the most suitable portfolio. Secondly, we also use historical and live data to track market conditions to determine when major economic cycle shifts will occur. Combining these factors, we then design portfolios with medium-to-long-term outlooks that withstand the short-term fluctuations of the markets to yield long-term wealth.We detail our strategy here: <a target="_self" rel="" class="styles__ATag-sc-13s6wwe-0 iKPPDk" href="https://www.stashaway.ae/r/stashaways-asset-allocation-framework">StashAway's Asset Allocation Framework</a>.

What is your investment strategy?

This is the measurement we use to determine how much risk our system should expose you to, which then determines your portfolio’s asset allocation. We gave it our own name not to be fancy, but because it’s a specific application of a fairly common risk metric called Value-at-Risk (VaR).To calculate the potential loss of a portfolio in a year, we use Value-at-Risk (VaR). At StashAway, we use 99%-VaR, meaning a portfolio has a 99% probability of not losing more than a given percentage of assets in a year.Here’s an example: a StashAway portfolio with $100,000 and a StashAway Risk Index of 10% has a 99% probability of not losing more than 10%, or $10,000 in a year. In other words, there is a 99% probability that your portfolio’s value won’t decrease below $90,000 if you select a 10% StashAway Risk Index.<div class="VideoPlayer__PlayerWrap-sc-1x47tsz-0 eiwVtK"><div style="width:100%;height:100%"></div></div>

What is the StashAway Risk Index?

Cryptocurrencies are extremely volatile and therefore, not appropriate for a passive investment platform such as StashAway.

Why don't you invest in cryptocurrencies?

Absolutely!For Web App users:Simply log in to your Account &gt; "Investments" &gt; "More option" tab &gt; click on "Edit portfolio".Make changes to the portfolio as you wish by moving the slider and finally, click on "Confirm" to update the portfolio.For Mobile App users: Simply log in to your Account, select "Your portfolios" &gt; click to the 3 dots on your top right screen and select "Adjust risk".Make changes to the portfolio as you wish by moving the slider and finally, click on "Confirm" to update the portfolio.

Can I change my investment plan later?

Yes; with a goal-based approach, we analyse your personal financial situation. From there, we recommend a specific goal target, a specialised portfolio, and savings plan to reach your goal.

Do you give investment advice?

Dollar-Cost Averaging is investing a fixed dollar amount on a regular schedule, regardless of market conditions, you will purchase more shares when prices are low and fewer shares when prices are high. This ensures that you will invest at a reasonable price and exchange rate, and avoid investing at market tops, helping you to manage the risk of your investments.

What is dollar-cost averaging?

To find out about your returns, you can log into your StashAway account. Select "Investments", click on the "Performance" tab. The "Performance" tab will show you the breakdown of your returns in USD and AED.

How much have I earned from the funds I have invested so far?

Goal-based &amp; General Investing portfolios - our system automatically reinvests any dividends you may earn.All dividend payments are reflected in your "Transactions" tab.

Where do dividends go?

Based on your risk preferences, selected goal, and current economic regime, our algorithm carefully picks the ETFs most suitable for your goal. This allows us to provide the most optimal diversification personalised to you. As such, it is not possible for a customer to handpick the ETFs or the allocation.

Can I choose which ETFs or securities I invest in?

Our Chief Investment Officer, Freddy Lim who leads our investment team, has over 15 years of experience in cross-asset investing and portfolio management. Freddy joined StashAway after years of investment expertise as MD and Global Head of Derivatives Strategy at Nomura. He gained his strong background in cross-asset portfolio at Millennium Capital Management and as APAC Head of G10 rates strategy at Citi. After his Bachelor’s Degree in Econometrics and Quantitative Economics at Monash University, he started his steep career as Head of Interest Rate Strategy at Morgan Stanley Japan.

How much experience does your investment team have?

StashAway’s Economic Regime-based Asset Allocation (“ERAA”) is a systematic, algorithm-based investment framework focused on strategic asset allocation. Some observers may think that the fact that it is purely systematic and does not include any element of human judgment is a limitation to this investment approach; to this, we disagree and argue that avoiding human bias is a key element of successful long-term investing that can only be achieved through a systematic approach. StashAway’s Investment Committee meets once a month to review the system’s recommendations and has an oversight function on the investment framework.StashAway does not invest in single securities (e.g stocks), but rather focuses on indices (e.g. ETFs) that track the entire market. Some observers may think that an exclusive focus on asset allocation reduces opportunities to achieve higher returns; we disagree as it has been demonstrated that more than 80% of return differentials across portfolios of similar risk is driven by asset allocation, and in the last 15 years, the greater majority of active managers that select single securities have underperformed their relevant benchmark indexes.StashAway does not use leverage and does not take short positions, limiting the amount of investment opportunities available. This limitation is an active choice of StashAway, as we prefer a more straightforward investment style that targets medium-to-long term wealth accumulation while keeping risks under control.As with any model, StashAway’s ERAA is data-dependent. It assumes that the data of average returns and risks of asset classes observed in past economic regimes would repeat itself. In reality, no models can guarantee that history will repeat itself.

What are the limitations of ERAA, StashAway’s investment framework?

Rebalancing a portfolio involves adjusting the composition of a portfolio by buying and/or selling specific assets in order to re-align a portfolio to its target composition in the case that market changes influence the asset allocation of your portfolio.Learn more: <a target="_self" rel="" class="styles__ATag-sc-13s6wwe-0 iKPPDk" href="https://www.stashaway.ae/r/what-is-rebalancing">What is Rebalancing?</a>Were you looking for reoptimization instead? Click here for <a target="_self" rel="" class="styles__ATag-sc-13s6wwe-0 iKPPDk" href="https://www.stashaway.ae/faq/115007036267-what-is-re-optimisation">Reoptimization</a>.

What is rebalancing?

An ETF, or an exchange-traded fund, is an index-tracking investment vehicle listed on a major exchange. Indices are composed of asset classes, such as stocks or bonds, in a particular segment of the market, such as technology, energy, or real estate. ETFs are funds that are traded like stocks, but have the diversified portfolio structures of a mutual fund. ETFs provide passive exposure to any asset class by mirroring the returns of an index. For example, the SPDR SPY S&amp;P 500 is an ETF that tracks the performance of the S&amp;P 500.ETFs offer diversification, higher liquidity than individual securities, and lower fees.

What is an ETF?

StashAway always ensures that the best interests of our customers are considered in the generation and execution of orders.
For example, in the execution of customers’ orders, StashAway will consider multiple factors with the aim of achieving the best possible execution of all customers’ orders, including but not limited to:
<ul>
<li style="font-weight: 400;" aria-level="1">Unit Price</li>
<li style="font-weight: 400;" aria-level="1">Execution-related costs</li>
<li style="font-weight: 400;" aria-level="1">Speed of execution</li>
<li style="font-weight: 400;" aria-level="1">Probability of full order fulfilment</li>
<li style="font-weight: 400;" aria-level="1">Order size</li>
<li style="font-weight: 400;" aria-level="1">Nature of the access to the applicable brokers and execution venues</li>
<li style="font-weight: 400;" aria-level="1">Any other relevant characteristics of the investment product</li>
<li style="font-weight: 400;" aria-level="1">Potential conflicts of interest</li>
</ul>
What constitutes an Acceptable Tolerance Threshold (ATT)?
In relation to settlement involving several customers’ portfolios, a shortfall/excess discrepancy will, in respect of a portfolio, fall within the ATT where it meets both criteria below:
(a) The absolute value of the shortfall/excess discrepancy is not more than USD 0.01 (or its equivalent in AED); and
(b) The absolute value of the shortfall/excess discrepancy, when taken as a percentage of the value of the relevant portfolio's contribution in the bulk settlement under which the shortfall/excess discrepancy arose, is not more than 0.0001%.
More details on the ATT can be found in the Account Opening agreement <a href="https://www.stashaway.ae/en-AE/account-opening-document.pdf" target="_self" rel="undefined">here</a>. Further details also can be found in our Global Order Execution Policy <a href="https://www.stashaway.ae/order-execution-policy.pdf" target="_self" rel="undefined">here</a>.

How does StashAway execute my orders?

StashAway will recommend a level of risk for each of your goals, based on your timeline, personal risk preferences, financial situation, and financial knowledge and investing experience. For goals with longer timelines, StashAway will recommend higher-risk portfolios compared to goals with shorter timelines that would recommend more balanced portfolios.If you decide to create a portfolio through StashAway’s “general investing” option, the platform will inform you in case you take more risk than you initially declared you wish to take with us.For both goal-oriented investing and general investing portfolios, the platform will cap the maximum risk you can take if you indicate to us that you do not have sufficient financial knowledge or investing experience, or that your financial situation is not solid.

What are the assumptions of StashAway’s financial advisory algorithm?

We invest in the most liquid and most cost-effective ETFs in the world, and those are listed in the US markets and denominated in USD.

Why do you invest in USD-denominated ETFs?

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