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Robo-advisers face big test in a bear market

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Perhaps there really is only so much that a traditional adviser, or even a robo-adviser, can do to stop investors from doing the wrong things.

ROBO-ADVISERS might have more reasons to be worried about the next bear market than investors do.

Low fees and an investing-on-autopilot approach have attracted about US$50 billion in assets to the broad universe of robo-advisers, according to researcher Aite Group LLC.

The rise of