Start investing with Kenanga Digital Investing
Kenanga is a no-stranger in the investment game in Malaysia. Being one of the pioneers in the investment field, Kenanga has stepped up its game in the ever-evolving digital world by coming up with a digital investment management platform called Kenanga Digital Investing (KDI).
As a part of Kenanga’s new financial initiative, the KDI platform is designed to simplify your investment journey through Artificial Intelligence. Forget about taxing conventional investment practices — through KDI, you can have access to global market investments with no ridiculous management fees, all on one platform.
What is KDI Invest?
KDI Invest is an investment product under the KDI platform where you are able to invest in selected Exchange Trust Funds (ETFs) listed in the United States of America. Think about renowned global companies such as Apple, Google, Amazon and so forth — if you have always wanted to invest in these companies, get started with KDI Invest.
Why should I start investing with KDI Invest?
First and foremost, KDI wants you to have complete control over your money while you make the most out of it. This means that you don’t need to fuss over your investment profiles, the market ups and downs, etc. since KDI’s technology will do it for you. Here’s why KDI Invest is different from the rest:
- KDI uses a data-rich technology
You can expect a better investment portfolio, risk management and risk rebalancing adjustments, all with the help of KDI’s AI called the Factor Analytics Machine Learning Engine (F.A.M.E.). This technology could estimate the volatility of a portfolio and rebalance it whenever necessary. This way, your returns will be optimised, all the while keeping your risk preferences in check.
- KDI offers one of the lowest management fees
Sometimes, the cost of investing can be expensive hence deterring us from signing up. But with KDI Invest, you don’t have to pay much for the fee, and you can even start investing for FREE provided that your investment amount is RM3,000 and below. Only when the amount starts to go above RM3,000, then you be charged with management fees between 0.30% to 0.70% per annum, depending on the amount you have invested (there are tiers!).
Tell me more about what ETF is.
ETF or Exchange Traded Fund is a type of security that trades on an exchange, similar to how an ordinary stock works. It is a diversified group of stocks and often tracks a stock market index like the S&P 500, for instance.
There are various types of investments under an ETF which include stock ETFs, commodity ETFs, bond ETFs, industry/sector ETFs, currency ETFs and so forth. And if you’re a beginner to all things investment, ETF is a good way to start your journey since it will help give you exposure through the combination of many stocks across various industries/sectors, while minimizing the risk of buying individual stocks.
Where are the ETFs under KDI Invest listed?
According to KDI, your KDI Invest portfolio invests in ETFs listed on the stock exchanges in the United States of America. But why the U.S. and not other countries, you may ask? It’s because the U.S. stock exchanges offer the widest range of ETFs which also means that you can expect them to be highly liquid. On top of that, you would also have the chance to get access to global investment opportunities and trends, in comparison to other countries.
I’m interested in KDI Invest. What are the management fees?
The management fees are as follows.
|Amounts you invested||Management fees|
|RM3,000 and below||0.00% p.a. (It's free!)|
|RM3,001 - RM10,000||0.70% p.a.|
|RM10,001 - RM100,000||0.60% p.a.|
|RM100,001 - RM250,000||0.50% p.a.|
|RM250,001 - RM500,000||0.40% p.a.|
|RM500,001 - RM2,000,000||0.30% p.a.|
|Above RM2,000,000||RM6,000 flat|