A new mobile investing robo-advisor app has been launched in Hong Kong by Yunfeng Financial Group. The robo-advisor app, which aims to target Chinese and Hong Kong investors, allows its users to invest in funds with minimal capital. The service app, called Youyu, is dubbed as the second generation of digital advisors and has attracted some big names along with its first batch of products. The big name funds available and included on the app are from AXA Investment Managers Asia Limited, Franklin Templeton (Asia) Limited Pimco Asia Limited, and T.Rowe Price Hong Kong Limited.
Youyu is meant to differentiates from others on the market as it has implemented a bottom-up approach for fund selection, while leveraging on active management capabilities and experience of top-tier fund managers to provide customized asset allocation solutions for investors.
RFi Group data shows that in total 45% of investors will seek help from financial advisors and search for additional information from time to time to support their final decision.
RFi Group data shows that in total 45% of investors will seek help from financial advisors and search for additional information from time to time to support their final decision. The launch of Youyu app will be able to assist the financial advisor in addressing the need on providing an investment advice.
Source: RFi Group – Hong Kong Priority and Retail Banking Council (16H2)