Kenanga’s Robo-Advisor Crosses RM100 Million AUM Milestone in 2 Months

Kenanga’s Robo-Advisor Crosses RM100 Million AUM Milestone in 2 Months

by April 26, 2022

Kenanga Digital Investing (KDI) announced that it has crossed RM100 million in asset under management (AUM) two months since its launch in mid-February this year.

Developed to make investing simpler and accessible for Malaysians, the AI – driven digital investment management platform has received 6,500 successful signups.

Licensed by the Securities Commission Malaysia, the newly launched robo-advisor offers two products – 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 while KDI Invest allows customers to grow their wealth with access to global investment opportunities through US-listed Exchange Traded Funds (ETFs).

Ian Lloyd, Group Chief Digital Officer, Kenanga Investment Bank

Ian Lloyd

“We are extremely pleased with the response from the public on KDI. Crossing RM100 million in AUM within such a short time is a significant milestone for us. 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,”

said Ian Lloyd, Group Chief Digital Officer of Kenanga Investment Bank.