Robo-advisory services gaining traction

GAX MD Sdn Bhd chief executive officer and managing director Ronnie Tan (pic) disclosed that its digital investment management service MyTheo achieved a positive return of 15.96% for its balanced portfolio.

KUALA LUMPUR: Although robo-advisory services are relatively new in Malaysia, it appears to be gaining traction by higher returns from its global diversified portfolio amidst the recent volatile market.

GAX MD Sdn Bhd chief executive officer and managing director Ronnie Tan (pic) disclosed that its digital investment management service MyTheo achieved a positive return of 15.96% for its balanced portfolio.