Hong Kong-based 8 Securities is preparing to launch a new robo-advisory platform, but investor education efforts are sorely needed.
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Aligning its client base to more millennials, Japan-based Nomura Asset Management has made a strategic investment of $25m in Hong Kong-based robo-advisory and mobile trading services firm 8 Securities Group.
Hong Kong has better access to capital than Singapore and it will reap benefits from China’s fintech rollout, said Mathias Helleu, chairman and co-founder of Hong Kong-based 8 Securities.
The firm claims its robo-investing service, in conjunction with Morningstar, will create and automate a professionally-designed portfolio at a fraction of the cost levied by banks and investment advisors. “Today, holding a global diversified portfolio in Asia is complicated and expensive,” Mathias Helleu, executive chairman told FundSelectorAsia. “[Robo advisory services] are going to be a very […]