Many of us haven’t got the time, knowledge or the disposition to pick great funds on a regular basis. Often, the solution is to look for a solid all-round fund, but many investors want something more. Actively managed funds can cost a fair bit in fees and they aren’t guaranteed to beat the market, so low charges are a priority. Many also want easy access via apps, and better, more transparent reporting of returns. If so, I’d suggest the answer is to look at the fast-growing “robo-advice” sector.
This technological disruption is driving down costs [...]