Commercial Bank of Dubai rolls out robo-advisory investment app

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Commercial Bank of Dubai, which counts Investment Corporation of Dubai as its biggest shareholder, rolled out a robo-advisory investment app to tap growing demand for online trading during the Covid-19 pandemic.
The app, CBD Investr, offers customers access to globally diversified portfolios including stocks, bonds and other asset classes using low-cost exchange-traded funds. The portfolios are tailored to customers' goals, risk appetite and investment time horizon and will be actively monitored and optimised depending on changing market conditions, CBD said in a statement on Sunday.
We believe the next wave of disruption will be in the investment industry
Bernd van Linder, chief executive, CBD

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