SINGAPORE (Apr 9): Those who have invested in exchange traded funds (ETFs) or unit trusts via robo advisory platforms may be finding their portfolios in the red as global financial markets reel from the impact of the Covid-19 outbreak and other market-moving events since the beginning of the year.

In response, these platform operators or digital investment managers are asking investors not to panic but to adopt a long-term strategy and use this opportunity to diversify their portfolios. 

In many ways, this is considered the first major test for Malaysia’s robo-adviser industry, which was introduced in the country about two years ago. There are currently three players operating in the market — StashAway Malaysia, MYTHEO and Wahed Invest.

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