Raiz Archives - Page 2 of 3 - Fund Selector Asia

Robo-advisor performance: March 2020

All portfolios had their steepest monthly declines in March since the coronavirus outbreak started.

As global markets tumbled last month, all aggressive portfolios had steep declines in February but still beat their respective benchmarks.

Raiz’s portfolios posted the highest monthly returns versus the benchmark, driven by the Australian equity market.

All portfolios were up in December except Raiz portfolios, which faced downward pressure from Australian equity and bond markets.

All aggressive portfolios performed well in November, but not all beat their benchmarks.

Generally portfolios were up in October month-on-month, but most benchmarks were higher.

Nearly all portfolios delivered positive returns last month.

The conservative portfolios of the three robo-advisors delivered positive returns last month.

Sydney-based Raiz Invest aims for expansion in Southeast Asia, but does not have any intentions of tapping the Hong Kong and Singapore markets.

FSA starts the third year of its performance feature, which reports monthly returns versus a benchmark for three robo-advisors.