The robo advisor scene is getting more and more crowded in Malaysia with UOB Bank launching a robo advisor called UOBAM Invest. This robo advisor was previously already launch in Singapore. The investment instruments used by this robo advisor are unit trusts from UOB Asset Management and also US ETFs.
UOB's robo advisory service targets businesses. The minimum investment is RM50,000.
The management fees charged is 1% per annum and 0.3% platform charges. There is currently a promotional rate of 0% management fees until 31/12/2020.