Airo Digital Investment Manager by CP Global Fintech Solutions - 2023 latest roboadvisor/digital investment manager 🤖
The latest robo advisor on the block 2023..an actively managed robo advisor
Airo is the latest robo advisor being approved by the securities commissions (SC). Unlike the other robo advisors, Airo is touted as the 1st actively managed roboadvisor. Just like the other robo advisors, Aira invests primarily in global ETFs (Exchange Traded Funds) to keep the cost low and to diversify investor risk. According to the company site, Airo uses a top down appreach to identify trends and subjects to invest.
Airo's parent company is CP Global Fintech Solutions which is also part of CP Global Asset Management (Singapore).
The annual management fees: 0.8% per annum (of total assets under management). This is quite standard among all the robo advisors. A typical equity unit trust fund charges around 1.5% management fee.
Airo and 4 portfolios based on investor risk tolerance. The portfolios are aptly abbreviated as BOCA (Balanced, Opportunistic, Contrarian, Adventurous) with Balanced having the lowest risk tolerance and Adventurous having the highest risk tolerance. Airo claims to have a conditional-value-at-risk (CVAR) system monitors portfolio risk on a 24/7 basis and helps to manage and hedge any possible downturn going forward, actively protecting the overall portfolios’ risk and return as effectively as possible.
Airo is currently doing a promotion whereby users who deposit in minimum of RM300 into their Airo portfolio they will get RM10 Grabfood voucher. The promotion lasts until 11 Dec 2023. Deposits into Airo can be done using Bank FPX transfers.
I've checked and confirmed that the company behind Airo, CP Global Fintech Solutions Sdn Bhd has got approval from Securities Commission to do digital investments. There are currently no Shariah compliant options on the platform. The CIO (Chief Investment Officer) William Yii had stints at UOB, CIMB, Sunlife before joining Airo
Do note that I have yet to invest in Airo yet, still doing some research on the product and app itself.
Unfortunately also I think Airo is quite late into the crowded robo advisor/digital investing space in Malaysia. The other roboadvisors are Akru, MyTheo, Stashaway, WahedInvest, RIA, Raiz (retired).
Updates 20240320 - Introduction of Shariah Portfolio
Airo has introduced their Shariah level portfolios. Just like the conventional portfolios there are different sub portfolio for different risk appetites. I took a peek into their investment mix, it consists of tech companies, pharmaceuticals, sukuk and energy companies.
To maintain continuous Shariah compliance of Airo's Islamic portfolios, CP Global Fintech Solutions has appointed Tawafuq Consultancy, a registered entity with the Securities Commission Malaysia, as its exclusive Shariah advisor.
Disclaimer: The information provided in this blog is for educational and informational purposes only. It does not constitute financial advice. Readers are encouraged to consult with a qualified financial advisor for personalized guidance tailored to their individual circumstances.
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