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MAS approves another robo-offering

Tom Burroughes, Editor, London, 24 April 2017

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Jachin Capital Pte, a fund management house, has gained clearance from the Monetary Authority of Singapore to launch iAdvisor, its digitial investment platform, and offer it to accredited investors in the jurisdiction.

Starting from an investment theme or idea, the Singaporean firm constructs portfolios according to a "transparent rules-based framework" and reviews and rebalances the portfolios regularly.

The firm obtained a capital markets licence from the Monetary Authority of Singapore to launch the platform, part of a trend of firms bringing out digital, "robo" offerings.

At present, iAdvisor carries 28 portfolios with investment themes range that range from banking to 'fourth industrial revolution' subjects such as cyber-security, robotics and driverless cars. The underlying baskets for each theme are stocks listed in five countries. Jachin Capital has been using this platform for almost two years to manage its clients’ investments.

Joyce Woo, the founder and CEO of Jachin Capital, has written: “We [believe] that investors should have an efficient way of investing directly in the underlying stocks when they want to put their money into an investment idea. We also believe that investors should be empowered by knowledge. Thus, iAdvisor provides investors with 24/7 access to everything they need to know about their portfolios such as risk indicators, performance metrics and P&L."

iAdvisor was developed in collaboration with a Hong Kong-based B2B financial technology called Quantifeed (estd 2013). In 2015, Cerulli Associates estimated that assets under management of automated investing services/robo-advisors would rise by 25-fold to US$489 billion in 2020.

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