8 Securities rolls out first robo-advisor service in Japan

Dubbed 8 Now!, the new service will create and automate a professionally designed global portfolio in a simple and cost effective way

Asia’s mobile trading and investing service 8 Securities has introduced the first robo-advisor service in Japan.

Dubbed 8 Now!, the new service will create and automate a professionally designed global portfolio in a simple and cost effective way.

For this, investors need to complete an online survey in order to evaluate their investment time horizon and objectives, after which they are presented a personalised global portfolio of exchange traded funds, designed and optimised by Morningstar Investment Management.

The portfolio will be automatically optimised and rebalanced depending on the changes in economic conditions.

Investor can begin investing from $88, and will be charged 0.88% of the total portfolio size as annual service fee.

The service will not have any entry or exit penalties, allowing investors to buy and sell their portfolio free of cost.

8 Securities Japan president Iimori Nobofumi remarked: “8 Now! is the first investing service in Japan that was built specifically for young people who value mobility, simplicity and low cost.”