Kenanga Investment Bank Berhad (“Kenanga”) launched Kenanga Digital Investing (“KDI”), market’s latest fully automated Artificial Intelligence (A.I.) driven robo-advisor designed to simplify how Malaysians save and invest.
Licensed by Securities Commission Malaysia, the KDI platform offers two convenient products – KDI Save and KDI Invest.
KDI Save allows users to earn daily returns on their savings with no lock-in period and zero management fees. From now till end of the year, KDI Save offers a market leading 3.0% fixed interest rate. On KDI Invest, customers can grow their wealth with access to global investment opportunities through US-listed Exchange Traded Funds (ETFs) at one of the most competitive fees in the market.
“KDI is another step in our vision to make investing accessible to everyone. With initial investments as low as RM250, customers can invest in global equities. We are proud to launch KDI Save, a cash management product with one of the highest returns in the market, while KDI Invest provides gateway to the global markets at an affordable fee,” said Ian Lloyd(pic), Group Chief Digital Officer, Kenanga Investment Bank Berhad.
“KDI’s innovative portfolio design is a game-changer for wealth management. The system selects suitable portfolios to help customers achieve their investment goals in line with each customer’s personal risk preferences. The A.I. monitors global market conditions and rebalances customers’ portfolios automatically, giving them peace of mind that their portfolio is being taken care of around the clock,” added Lloyd.
Robo-advisors aim to make investing simple by removing the guess-work in stock and fund picking, but not all robo-advisors are the same. KDI employs technology to monitor global markets and to react to new investing opportunities. The technology analyses thousands of data points each day, incorporating information from across continents and asset classes, to develop investment portfolios, without the influence of human emotions. These portfolios aim to generate sustainable returns while managing risk.
KDI Invest is completely free for investments below RM3,000 while investors above that limit will be charged a management fee between 0.3% to 0.7% per annum, making it one of the most competitive robo-advisor platforms in the market today.