Robo-Advisory Archives - Page 4 of 9

Southeast Asia’s ride-hailing firm buys robo-advisory

Grab plans to launch retail wealth management and investment solutions in Southeast Asia.

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.

Hong Kong-based Magnum Research obtained a Type 9 licence in Hong Kong and is mulling plans to launch its own strategies.

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.

The market segment is believed to be underserved by boutique wealth managers.

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.