 |
| |
Revolutionizing Investments: UAE Embraces Robo Advisory Services | |
| Sumita Pawar |
Robo advisory services are becoming increasingly popular among investors in the UAE, according to Hedge & Sachs founder and COO Shivansh Rachit.
 |
Technology-enabled investment services provide low-cost portfolio management, leading to higher returns for investors.
"The personal wealth and investment sector in the UAE is currently witnessing emergence of several trends, many of them are disruptive but in a positive way," Shivansh Rachit, founder and chief operating officer of Hedge & Sachs, Dubai-based leading investment and asset management company, told Arabian Business.
Rachit added that the robo-advisory sector is expected to grow at a compound annual rate of 14% from 2023 to 2027.
Meanwhile, sustainable and socially responsible investing is also on the rise, with the global sustainable fund flow attracting $37 billion in net new money in the last quarter, a 50% increase from the previous quarter.
Rachit commented, The trend towards passive investing is also growing, with reports suggesting that the majority of actively managed funds failed to outperform their passive peers in 2022.