Futu Wealth Management AUM Grows by Nearly HKD10 Billion in Six Months at Unprecedented Rate

Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven digitalized brokerage and wealth management platform, is pleased to announce that the Assets Under Management (“AUM”) in its wealth management business under Futu Money Plus (“Money Plus”) has surpassed HK$40 billion*, with a nearly HK$10 billion increase in half a year at an accelerated growth pace. The number of fund investors exceeded 300,000, with almost 77% of Hong Kong Investors Profiting in 1H 2023**. The remarkable milestones Reinforce Futu's status as a sought-after and trusted wealth management platform delivering a tech-empowered investing experience.

Futu Fund Clients Take up HKD210 Million in Profit within a Month with Flexible and Diverse Asset Allocation Solutions

Futu's recent growth in AUM can mainly be attributed to the diversification and resilience of its fund offerings, providing clients with more than 200 curated products from over 74 global asset management companies, across different industries, regions and risk levels. Futu's Fund categories also include Money Market Funds, Bond Funds, Equity Funds, and Alternative Assets. Futu is committed to making fund investing part of our client's everyday life in building a resilient and diversified global asset portfolio to safeguard against market headwinds through continuous technological innovation. Over the last month, Futu's clients achieved a total fund return of HKD 210 Million.

Investors Rebalance Portfolio with Heavier Weight on Funds in Technology Theme

Against the backdrop of increased market uncertainty and heightened risk aversion sentiment, Funds products, which are relatively risk-balanced, have become an emerging hit on the Futu platform. According to Futu Securities' data, the top sought-after themes for funds among Hong Kong investors are Technology (39.6%), Greater China (25.4%) and energy (7.7%).

Steve Zeng, Head of Global Strategy and Wealth Management at Futu Holdings Limited said, "We're thrilled to announce another significant milestone in our AUM, and this new record underpins our expedited growth again. Since the establishment of Futu Money Plus in August 2019, the company's wealth management business has shortened the time taken to cross each HK$10 billion AUM from 21 months to 7 months. This is made possible due to our profound global partnerships with reputable fund houses, a dedicated team of professionals from top financial institutions such as Goldman Sachs, Citigroup, and CICC, etc, as well as our "6P" Fund Selection Process that screens based on the asset managers’ proven track record in six criteria. With our relentless pursuit of continuous innovation and progress on product diversification, from solely offering money market funds to including public funds, private funds, and structured notes, we have constantly achieved breakthroughs to provide clients with a superior investment experience and bolster our business. We are confident in our ability to achieve many more milestones by continuously expanding international networks with more prestigious financial institutions.

*: Data source as of 8 June 2023

**: Data source as of 18 June 2023