Kenanga's AI-Based Digital Investment Management Surpasses RM100M in AUM
The newly-launched Kenanga Digital Investing (KDI) has crossed RM100 million in asset under management (AUM) after only two months since its launch in mid-February, Kenanga Investment Bank Bhd (Kenanga IB) said.
Developed to make investing simpler and accessible for Malaysians, the Artificial Intelligence (AI) driven digital investment management platform has received an overwhelming response with 6,500 successful signups.
Kenanga IB group chief digital officer Ian Lloyd said crossing RM100 million in AUM within such a short time was a significant milestone for the bank.
"More importantly, the public's confidence and trust in Kenanga has brought us another step closer in our vision to revolutionise the way Malaysians save and grow their money.
"KDI aims to make investment simple and accessible for Malaysians, and this strong performance shows that KDI is what the market is looking for," he said in a statement today.
Licenced by the Securities Commission Malaysia, the newly launched robo-advisor offers two products namely 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. And 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.
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