Investors should pay attention to the fees charged by robo advisors.
(Photo: Maskot/Getty Images)
Frankfurt 2022 was an extremely difficult year in the capital markets and uncertainty persists. Actually, this is a perfect environment for automated asset managers, so-called robo-advisors, to show what they can do.
However, not everyone succeeded in doing so last year, according to a study by the fund analysts at the Fonds Consult consultancy, which is available exclusively to the Handelsblatt. The results differ widely: none of the evaluated providers managed to avoid losses entirely. But with the best robo-advisors, investors got away with only a small minus, despite the extreme market environment.
The providers with the lowest ratings, on the other hand, have suffered double-digit asset losses even with conservative strategies. “There were clear differences in the performance of robos,” confirms Philip Bulis, a consultant at the management consultancy Oliver Wyman.
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