20th October 2021 - 3 min read
RinggitPlus has announced that it has added another strategic partner, this time with MYTHEO, a digital investment management platform to drive and promote the adoption of robo-advisor services.
MYTHEO is a Malaysian robo-advisor that was built to be different from the others. It was derived from Money Design, the pioneer and most successful robo-advisor “THEO” in Japan. Silverlake Digital INX and Money Design formed a joint venture in Malaysia called GAX MD, which created MYTHEO to offer automated discretionary portfolio management services to investors. MYTHEO has been in operation since 2019 after being granted the Capital Markets Services License by the Securities Commission Malaysia (SC).
Ronnie Tan, CEO and Managing Director of MYTHEO said, “We are proud to offer a wide array of ETFs and portfolio customisation. We believe in creating a tailored experience for every distinguished customer. This means we would be able to cater your every need when it comes to diversifying in multiple asset classes and countries. On behalf of MYTHEO, we are extremely grateful to announce our strategic collaboration with RinggitPlus to provide an opportunity to the community by providing value and inclusiveness well beyond pricing.”
MYTHEO uses a proprietary algorithm developed by Money Design which generates optimised portfolios for each investor based on their profile, individual income, and risk appetite. Its investing universe consists of 60 exchange-traded funds (ETFs) that includes over 10,000 underlying securities, making MYTHEO the robo-advisor with the most diverse offerings and range of asset classes in Malaysia.
What’s unique with MYTHEO is its “Omakase” style approach with its dynamic portfolio allocation, which has up to 231 combinations. From the set of questions during the registration process, MYTHEO will recommend a personalised portfolio that comprises a ratio of its three functional portfolios: Inflation Hedge, Income, and Growth. As such, each MYTHEO client will have a unique investment portfolio that is tailored to their risk appetite, investment goals, and preferences. This personalised digital solution offers ease of mind by helping users manage the nitty-gritties of investment in a data-driven manner.
Meanwhile, sophisticated investors can also tweak their portfolios if they wish to do so, especially since MYTHEO’s ETF universe covers five geographical regions: North America, South America, Europe, Africa, and Asia Pacific. Finally, each of MYTHEO’s three functional portfolios are back-tested for performance and better optimisation.
“MYTHEO brings a refreshingly different approach to robo-advisory platforms, giving investors plenty of flexibility when it comes to their investment decisions. I’m excited to be able to collaborate with MYTHEO and offer benefits to our community,” said Hann Liew, Co-Founder and Director of RinggitPlus.
Thanks to our partnership with MYTHEO, new customers who sign up from now until 31 December 2021 can enjoy a 3-month management fee waiver from the date of approved initial deposit. Simply enter the referral code “MYTHEORP” when you register via this link to enjoy this promotion.
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