8 Securities launches robo-advisor Chloe in Japan » Banking Technology

Asian fintech company 8 Securities has launched Chloe, a robo-advisor that constructs portfolios with exchange traded funds (ETFs) listed on the Tokyo Stock Exchange (TSE). To begin, customers must answer a short survey which will help Chloe set goals and target dates to achieve those goals. Each yen deposited is invested into a diversified global portfolio of TSE-listed ETFs that are monitored and optimised on a daily basis. These portfolios are diversified across 50 countries, 37 industries, and 4,324 stocks and bonds. The robo-advisor uses machine learning and hence, is expected to become more intelligent over time.