Singapore
A STRONG take-up of robo advisory services may well pave the way for increased acceptance of the premise that a disciplined asset allocation is key to long-term returns.
This is because robo portfolio services for retail investors - robo is defined by the use of automated, algorithm-based tools - eschews actively managed funds in favour of exchange traded funds that track broad market indices. Portfolio exposures are typically driven by an asset allocation model.
Stashaway, which has secured a full capital markets services licence, hopes to spread this gospel of low-cost and efficient portfolios of ETFs. This has been a mainstay in developed markets such as the US, but has not taken off...
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