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Quantifeed, the Hong Kong-based digital wealth solutions provider, has partnered with Mitsubishi UFJ Morgan Stanley Securities Co, to launch Mirai Value, a smartphone-based discretionary investment service. 

Powered by Quantifeed’s robo-technology, the Mirai Value app enables retail customers of MUFG Bank, the Japanese bank, to invest in globally diversified portfolios. 

“The launch of Mirai Value marks another milestone in bringing wealth management to Japan’s mass-affluent investors by providing discretionary investment services typically only available to high net worth individuals,” the firms said in a statement earlier this week. 

The app enables them to diversify across equity and bond funds with domestic and international exposure. MUMSS’s investment advisory team manages the portfolios and, using Quantifeed’s technology, ensures that a customer’s investments follow their recommendations, even as market conditions change.

Quantifeed entered the Japanese market as part of the Tokyo Metropolitan Government’s “Global Financial City: Tokyo” Vision in 2019. The firm will continue to collaborate with Franklin Templeton, one of its investors, to provide more wealthtech propositions to financial institutions in Japan.

Mirai Value’s main proposition is to enable novice investors to invest in a diversified portfolio that reflects their risk appetite. The app offers five portfolios of funds investing in stocks, bonds and REITs. The app is available only on smartphones.

Quantifeed has developed propositions for banks, brokers, insurers and wealth planners in Asia. These include DBS’s ‘digiPortfolio’ in Singapore, Cathay United Bank’s ‘CathayRobo’ in Taiwan, China 'CITIC Bank International’s Robo 360' and Everbright Sun Hung Kai’s ‘EBSHK Direct AI-Portfolio Investing’ in Hong Kong and 'Kiatnakin Phatra Securities’ ‘Phatra Mandate Service’ in Thailand.