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Weekly Broker Wrap: The rise of Robo advice, China’s growth U-turn, lockdown hits GDP, listed property feels lockdown impact
-Robo advice could potentially be a $60bn market in Australia
-China’s retreat from technology to trigger a shift back to manufacturing/consumption
-Landlords with retail exposure have greatest exposure to lockdowns
By Mark Story
Robo advice on the march
Rainmaker Information believes the rapid fall in investment adviser numbers, courtesy of the recent industry shakeout, has led to a corresponding rise in digitally delivered robo advice, which the researcher suggests has the potential to be a multi-billion-dollar market in Australia.
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