Robo-advisers hold steady as Covid-19 presents first big test

Singapore

THE big swings in global financial markets due to the virus fallout present the first big test for robo-advisers in Singapore - young digital upstarts that only penetrated the local wealth scene some five years ago.

They look to have made the grade, based on disclosures according to checks by The Business Times, even as to be clear, the periods for performance evaluations vary. Analysts have also flagged the long-term challenges of robo-advisers' low-cost model.