Robo-Advisors Manage 8.7 Billion, Annual Growth of Over 24%

Reported 11 months ago

NVIDIA founder Jensen Huang mentioned the advent of a robot world, with robot wealth management riding the wave of popularity. As of the end of April, 18 entities have managed robot wealth, with total assets reaching 87.01 billion NT dollars, a 24.87% yearly growth. The top three banks in terms of scale are Cathay United Bank, First Bank, and Hua Nan Bank, while the top three asset management firms are Fubon, Nomura, and Yuanta Funds. The FSC opened up the 'Automatic Investment Advisory' (robot wealth management) business in June 2017, with assets reaching 62.75 billion NT dollars at the end of 2022 and 77.92 billion NT dollars at the end of 2023, showing a decreasing growth trend in recent months.

Source: YAHOO

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